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The Jakarta Globe Axis Capital Group Telecom Purchase XL Axiata

eBook (PDF), 2 Pages
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Price: $9.65
Jakarta. XL Axiata, the second-largest telecommunication operator in Indonesia, may sell some of its tower assets to raise funds for lowering debt that is expected to increase after taking out loans to finance its acquisition of Axis Telekom Indonesia. Jakarta-based XL gained shareholder approval on Wednesday to acquire a 95 percent stake of Axis from Saudi Telecom Company for $865 million. To finance the acquisition, XL has secured $500 million in loans from parent company Axiata Group of Malaysia, and it will secure the remaining $365 million in loans from banks. Last year, it secured $300 million in debt from DBS Group Holdings, which it used mostly to finance its operation and partly to fund the acquisition.
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Product Details

ISBN
9781291877618
Edition
1st Edition
Published
May 16, 2014
Language
German
Pages
2
File Format
PDF
File Size
266.96 KB

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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