Announced
Financials
Tags
Private Equity
Friendly
Indonesia
telecommunications operator
Pending
Public
mobile telecommunications
Cross Border
Minority
Mobile
Acquisition
Synopsis
Private equity firms Ferrymount, Provident Capital and Tiga to acquire a 5% stake in XL Axiata, an Indonesia-based mobile telecommunications services operator, from Axiata, a Malaysian multinational telecommunications conglomerate, for $101m. "The disposal facilitates the timely introduction of Indonesia-focused investors in XL who acknowledge the value and opportunities in the domestic telecommunications sector," Axiata.
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