The Jakarta Globe Axis Capital Group Telecom Purchase XL Axiata Jakarta

Jakarta. XL Axiata, the second-largest telecommunication operator in Indonesia, may sell some of its tower assets to raise funds for lowering debt that is expected to increase after taking out loans to finance its acquisition of Axis Telekom Indonesia. Jakarta-based XL gained shareholder approval on Wednesday to acquire a 95 percent stake of Axis from Saudi Telecom Company for $865 million. 続きを読む