Arab Today, arab today etisalat to sell 91 stake in pt xl axiata
Last Updated : GMT 00:35:33
Arab Today, arab today
Arab Today, arab today

Etisalat to sell 9.1% stake in PT XL Axiata

Arab Today, arab today

Arab Today, arab today Etisalat to sell 9.1% stake in PT XL Axiata

Doha - Arabstoday

The Emirates Telecommunications Corporation, or etisalat, announced on Wednesday that it has finalised the sale of a 9.1 per cent stake in PT XL Axiata Tbk (XL), an Indonesian mobile telecommunications provider. The sale of the 775 million shares to institutional investors capitalised on the recent rally in XL Axiata’s stock price and resulted in gross proceeds of Dh1,870 million to etisalat. Following the sale, etisalat retains a 4.2% ownership stake in XL. From khaleejtimes  

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Arab Today, arab today etisalat to sell 91 stake in pt xl axiata Arab Today, arab today etisalat to sell 91 stake in pt xl axiata

 



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