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Axiata to buy 66% stake in Indonesian ISP Link Net

Tuesday 3 August 2021 | 08:52 CET | News
Axiata and its subsidiary XL Axiata have entered into a non-binding term sheet with Asia Link Dewa and First Media to acquire around 1.8 billion shares representing 66.03 percent of the issued and paid-up capital of Link Net. Axiata holds a 66.48 percent stake in XL Axiata. Link Net is owned by Asia Link Dewa and First Media. No financial details related to the potential transaction have been disclosed.

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Categories: Internet
Companies: Axiata / First Media / XL Axiata
Countries: Indonesia
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