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- Details
- Description
- Published by:
- Pablo Delgados
- Published:
- 6/5/2014
- Specs:
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Pamphlet / 8.25" x 10.75"4 pages Half-Fold
- Category:
- Business & Finance
- Tags:
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.
