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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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