JAKARTA: Indonesian Internet provider PT Link Net is considering selling a stake in its fiber business to raise as much as US$500mil to fund an expansion, according to people with knowledge of the matter.
The unit of Axiata Group Bhd
, Malaysia’s biggest wireless carrier, is seeking an adviser to help with a potential sale, which could raise US$400mil to US$500mil, the people said, asking not to be identified discussing private information.
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