Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY PT XL AXIATA TBK., A SUBSIDIARY OF AXIATA GROUP BERHAD, OF AN EQUITY INTEREST IN PT AXIS TELEKOM INDONESIA |
On behalf of the Board of Directors of Axiata Group Berhad (“Axiata”), CIMB Investment Bank Berhad is pleased to announce that PT XL Axiata Tbk., a 66.5%-owned subsidiary of Axiata, has on 26 September 2013 entered into a conditional sale and purchase agreement with Saudi Telecom Company (“STC”) and Teleglobal Investments B.V., a 100%-owned subsidiary of STC, to purchase (or procure the purchase of) the entire issued share capital of PT Axis Telekom Indonesia (“Proposed Acquisition”). Please refer to the attachment for the full announcement in relation to the Proposed Acquisition. This announcement is dated 26 September 2013. |
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| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 26 Sept 2013 |
| Category | General Announcement |
| Reference No | MM-130926-42043 |
Attachments