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Malaysia s Axiata to dispose of 5% stake in XL - Developing Telecoms

Malaysian multinational telecommunications conglomerate Axiata Group, through indirect wholly-owned subsidiary Axiata Investments (Indonesia, AIISB), is selling a 5% stake in its Indonesian operator XL Axiata to Ferrymount Investments Ltd (FIL) for IDR1.44 trillion (USD101 million).

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Minimal impact on Axiata from reduced stake

PETALING JAYA: The impact of Axiata Group Bhd’s trimming its stake in Indonesia-listed XL Axiata (XL) is expected to be minimal.

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Axiata to sell 5% stake in XL for RM424mil

Disposal to place firm on better operational footing

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Axiata unit to dispose of 5pc stake in Indonesia s XL for RM423 5m | Money

Axiata unit to dispose of 5pc stake in Indonesia s XL for RM423 5m | Money
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Axiata to dispose of 5% stake in XL

Axiata to dispose of 5% stake in XL
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