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 | ||
865 IDR | -1.14% | -7.49% | -34.72% |
02-12 | 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.
| ||
---|---|---|---|---|---|
2,440 IDR | +2.52% | -1.61% | 1.95B | ||
33 IDR | +6.45% | +13.79% | 3.39M | ||
2.84 MYR | 0.00% | +1.43% | 5.57B | ||
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-34.72% | 151M | |
+14.74% | 206B | |
+6.26% | 169B | |
+1.15% | 118B | |
-11.90% | 83.4B | |
+19.25% | 70.53B | |
+4.76% | 61.13B | |
-5.94% | 50.5B | |
-29.76% | 39.97B | |
-18.02% | 38.31B |
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- Axiata Reportedly in Advanced Talks to Acquire Stake in ISP Link Net