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.
Axiata Group said this would also include the rollout of an additional two million new homes passed by Link Net, which would enable XL Axiata to deliver FBB and FMC services for its growing customers and the wider Indonesian community.
“Upon completion of the additional two million rollout, Link Net will enable nearly 6.5 million access to home passes as a leading wholesale FibreCo,” it said.
Axiata Group chief executive officer and managing director Vivek Sood said this collaboration would streamline access to premium quality FBB and first-class convergence services, whereby the Indonesian community can now look forward to further enriched customer experience.
Axiata Group said the joint agreement marks an important milestone for Axiata as it moves closer to achieving the strategic structural transformation of XL Axiata and Link Net in Indonesia. — Bernama