Market Insight

XL completes Axis acquisition

March 20, 2014  | Subscribers Only

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Axiata's Indonesian subsidiary XL has completed its acquisition of Axis, after being granted the required regulatory approvals. The acquisition will allow XL to make capex savings as well boost its data services. STC has sold its stake in Axis and subsequently exiting the Indonesian market after becoming caught up in a dispute with creditors in 2011.

Axis STC XL Axiata
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