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 | WINNING BIDDER FOR THE SALE OF 3,500 TELECOMMUNICATION TOWERS BY PT XL AXIATA TBK (“XL”) |
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Axiata Group Berhad wishes to announce that XL, a 66.5%-owned subsidiary of Axiata, had on 30 September 2014 entered into an Asset Purchase Agreement ("APA”) with PT Solusi Tunas Pratama Tbk (“STP”) for the disposal by XL of 3,500 of its telecommunication towers at the consideration of IDR5.6 trillion (equivalent to USD460.5 million, RM1,506.4 million) (“XL Tower Disposal”).
Please refer to the attachment for the full announcement in relation to XL Tower Disposal. This announcement is dated 2 October 2014 |
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| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 2 Oct 2014 |
| Category | General Announcement |
| Reference No | AG-141002-DF8EA |
Attachments