Announced
Completed
Financials
Sources
Tags
Friendly
Indonesia
Cross Border
cable tv
Single Bidder
Acquisition
Majority
Private
Cable Television
Private Equity
Completed
Synopsis
Axiata, a telecommunication company, and XL Axiata, a telecommunications operator, completed the acquisition of a 66% stake in Link Net, a provider of high-speed next generation broadband and cable TV, from Asia Link Dewa and First Media for $607m. "In addition to doubling down on a high-growth segment in one of our key markets, our investment into Link Net is aligned with Axiata’s aspiration to support digital inclusion as Asian societies and businesses accelerate digitally.” Dato' Izzaddin Idris, Axiata President and Group CEO.
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