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 |
(Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the announcement dated 26 September 2013 in relation to the Proposed Acquisition.) We refer to the announcement dated 26 September 2013 in relation to the Proposed Acquisition. On behalf of the Board of Axiata, CIMB is pleased to announce that XL had on 29 November 2013 received the written approval from the Ministry of Communications and Informatics of Indonesia for the Proposed Acquisition, which would result in the merger of XL and Axis. The approval includes the condition for the return of 2x10 MHz of the 2.1 GHz (3G) spectrum license to the Government of Indonesia. This announcement is dated 2 December 2013. |
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| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 2 Dec 2013 |
| Category | General Announcement |
| Reference No | MM-131202-41690 |