Axiata to strengthen position in capturing Indonesia's FBB, FMC markets

Axiata Group chief executive officer and managing director Vivek Sood

KUALA LUMPUR: Axiata Group Bhd’s (Axiata) Indonesian subsidiaries, PT XL Axiata Tbk and PT Link Net Tbk, have reached non-binding agreements to bolster their position in optimising the opportunities within Indonesia’s underpenetrated fixed broadband (FBB) and fixed mobile convergence (FMC) markets.

In a statement, the telecommunication group said the non-binding agreements encompass the transfer of Link Net’s FBB business, including its 750,000 customers, to XL Axiata.