Axiata's Link Net Considering Sale of Stake in Indonesia Fiber Business [Yahoo! Finance]
PT XL AXIATA TBK ADR (PTXKY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Most Read from Bloomberg Florida Governor DeSantis Drops Out of 2024 Race, Endorses Trump Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk Gloom Over China Assets Is Spreading Beyond Battered Stocks Putin Orders Hunt for Property of Russian Empire, Soviet Union Trump Retires ‘DeSanctimonious' Insult After DeSantis Backs Him The unit of Axiata Group Bhd., Malaysia's biggest wireless carrier, is seeking an adviser to help with a potential sale, which could raise $400 million to $500 million, the people said, asking not to be identified discussing private information. Considerations are preliminary and Link Net could decide against a deal, the people said. A representative for Axiata said Link Net requires capital to accelerate its “fiber build,” but didn't provide details on the size of the potential fundraising. “Amongst many sources of capital, inviting investors to partner with us in this growth opportunity is one such source,” the spokesperson said.
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- Axiata, Sinar Mas closer to $3.5 billion telco merger in Indonesia, Bloomberg says [Yahoo! Finance]Yahoo! Finance
- Axiata, Sinar Mas closer to $3.5 bln telco merger in Indonesia, Bloomberg says [Reuters]Reuters
- Axiata, Sinar Mas Move Closer to $3.5 Billion Telco Merger [BNN Bloomberg (Canada)]BNN Bloomberg