KUALA LUMPUR, July 30 — Malaysian telecoms group Axiata Group Bhd is exploring a deal to acquire an equity holding of almost two thirds of Indonesia’s PT Link Net Tbk shares, it said in a stock exchange filing today.
The group said it and its 66.48 per cent Indonesian subsidiary, PT XL Axiata Tbk, entered into a non-binding term sheet with Asia Link Dewa Pte Ltd and PT First Media Tbk “to facilitate discussions and negotiations for a potential acquisition” of 1.82 billion shares or a 66.03 per cent shareholding in Link Net.
Link Net is a cable television and high speed broadband internet service provider based in Jakarta. — Reuters
