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The Axis Telecom Capital Group Indonesia Jakarta Globe News

ByMatthias Hahn

Ministry Approves XL Axiata-Axis Telekom Merger XL Axiata, Indonesia’s third largest mobile phone operator, has secured official approval from the Ministry of Communications and Information Technology to acquire Axis Telekom Indonesia, the company’s chief confirmed on Friday. Malaysia’s Axiata Group, which has a 66.5 percent stake in XL Axiata, has reportedly offered to acquire Axis Telecom, which is 84 percent controlled by Saudi Telecom Company. The merger is said to give the Indonesian operator access to the mobile-phone frequencies it requires to expand in the competitive Indonesian market. “We have received a letter of approval from the Ministry of Communications and Information,” said Hasnul Suhaimi, the president director of XL Axiata on Friday.

Details

Publication Date
May 17, 2014
Language
English
ISBN
9781291878875
Category
Engineering
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Matthias Hahn

Specifications

Format
PDF

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