The Indonesian subsidiary of Malaysian mobile telecommunications carrier Axiata Group Bhd. is buying local rival PT Axis Telekom Indonesia from Saudi Telecom Co.
March 26, 2014 at 04:32 AM
1 minute read
The original version of this story was published on Global Lawyer News
Sidley Austin has advised Malaysian mobile telecommunications carrier Axiata Group Bhd. on an $865 million acquisition in Indonesia.
The company’s Indonesian subsidiary, PT XL Axiata Tbk, acquired rival PT Axis Telekom Indonesia from Saudi Telecom Co. The deal, whose price is based on Axis’ enterprise value, was funded with a combination of loans from banks and Axiata shareholders.
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