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AXIATA, XL AXIATA COMPLETE ACQUISITION OF 66.03 PCT STAKE IN LINK NET

The Star Business LogoThe Star Business1 mo ago

AXIATA, XL AXIATA COMPLETE ACQUISITION OF 66.03 PCT STAKE IN LINK NET

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KUALA LUMPUR: Telecommunication giant, Axiata Group Bhd (Axiata) and PT XL Axiata Tbk (XL Axiata) today completed the acquisition of the combined 66.03 per cent equity interest in PT Link Net Tbk (Link Net) for approximately RM2.63 billion.

"The well-experienced and accomplished team at Link Net will be accelerating the company’s growth opportunities within existing as well as underserved areas.

"Increasing the momentum of our participation in Indonesia’s rapidly advancing digital economy is an exciting proposition we share with the Link Net team,” they said.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Axiata PT Link Net Tbk Telcos /Business/Business News XL Axiata Indonesia Acquisition

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 20:27:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 351 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 3566

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 35 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1d ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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