Ferrymount, Provident Capital and Tiga to acquire a 5% stake in XL Axiata from Axiata for $101m.

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.