Axiata Group Berhad (KLSE:AXIATA) is in advanced talks to buy a stake in PT Link Net Tbk (IDX:LINK), according to people with knowledge of the matter. Discussions are progressing among Axiata and the potential sellers, CVC Capital Partners Limited and PT First Media Tbk (IDX:KBLV), an arm of the billionaire Riady family's Lippo Group conglomerate, the people said. Axiata is weighing options on the potential deal structure including buying the stake via its Jakarta-listed PT XL Axiata Tbk (IDX:EXCL), the people said, asking not to be identified because the process is private.
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
1,080 IDR | +24.86% | +24.86% | -18.49% |
12/02 | PT Link Net Tbk Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
2023 | PT Link Net Tbk Reports Earnings Results for the Nine Months Ended September 30, 2023 | CI |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,460 IDR | -0.40% | +0.82% | 201.89Cr | ||
36 IDR | +5.88% | +9.09% | 37.04L | ||
2.85 MYR | -0.70% | +0.35% | 559.62Cr | ||
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-18.49% | 15Cr | |
+15.51% | 20TCr | |
+5.41% | 17TCr | |
+0.05% | 12TCr | |
-9.58% | 8.18TCr | |
+19.52% | 7.16TCr | |
+3.05% | 6.01TCr | |
-9.16% | 4.86TCr | |
-30.16% | 3.91TCr | |
-21.59% | 3.65TCr |
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- Axiata Reportedly in Advanced Talks to Acquire Stake in ISP Link Net