Jakarta-based mobile telecom company PT XL Axiata has agreed to purchase a 95 per cent stake in PT AXIS Telekom Indonesia, in a bid to “provide better network quality to customers at a much lower cost ...

DUBAI, Sept 12 (Reuters) - Saudi Telecom (STC) has resolved a tussle with creditors over a $1.2 billion loan tied to its Indonesian unit, Axis Telekom, by offering to repay about 90 percent of the ...

KUALA LUMPUR, Sept 26 (Reuters) - Malaysia's largest mobile phone operator Axiata Group Bhd said its Indonesian unit has struck a deal with Saudi Telecom Co to acquire a majority stake in PT Axis ...

KUALA LUMPUR: Axiata Group Bhd ’s 66.5%-owned subsidiary, PT XL Axiata Tbk, is acquiring PT Axis Telekom Indonesia for US$100 (about RM321) cash and would procure the repayment of about US$865mil (RM2 ...

Saudi Telecom Company (STC) says it is pushing ahead with the sale of its 84 per cent stake in Indonesia’s Axis Telekom, despite media reports of a dispute with banks over a loan to Axis. STC’s ...

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Axiata said on Thursday XL had received the approval for the acquisition and to merge XL with Axis at the EGM on Wednesday. It said the buy-back price was fixed at 5,280 rupiah (RM1.459) a share, ...

PT XL Axiata Tbk., a unit of Malaysia’s largest mobile-phone operator, will acquire PT Axis Telekom Indonesia from Saudi Telecom Co. and settle $865 million of the closely held carrier’s debts. XL ...

Malaysia’s largest mobile phone operator Axiata Group Bhd said its Indonesian unit had struck a deal with Saudi Telecom Co to acquire a majority stake in PT Axis Telekom Indonesia (Axis) for an ...