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XL Completes the Acquisition of Axis

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  • Details
  • Description
Published by:
Pablo Delgados
Published:
6/5/2014
Specs:
Pamphlet / 8.25" x 10.75"
4 pages Half-Fold
Category:
Business & Finance
Tags:
Jakarta XL Axiata Axis Capital group, xl completes the acquisition of axis

Jakarta, 20 March 2014 – Axiata Group Berhad’s (Axiata) Indonesian subsidiary, PT XL Axiata Tbk (XL) today announced the completion of its acquisition of PT Axis Telekom Indonesia (AXIS). AXIS is valued at 100% enterprise value of USD 865 million, on a cash free and debt free basis. The deal was marked with the signing of concluding documents for the transaction between XL and Saudi Telecom Company (STC), allowing the former to officially finalise the acquisition process and become the majority shareholder in AXIS.

XL Completes the Acquisition of Axis


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