Axiata to strengthen position in Indonesia

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

PETALING JAYA: Axiata Group Bhd’s 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.