PT Link Net

Indonesia’s XL Axiata acquires cable operator PT Link Net

Indonesian telecoms giant PT XL Axiata has acquired a two thirds majority stake in internet and cable TV operator PT Link Net for IDR8,720 billion (€544 million). PT XL Axiata, the country’s number two mobile player, will acquire a 66.03% stake in the operator. Under the terms of the purchase agreement, Axiata Investments (Indonesia) Sdn […]