Axiata Group Berhad and its 66.48% subsidiary, PT XL Axiata Tbk (EXCL), had on July 30, 2021, entered into a non-binding term sheet with Asia Link Dewa Pte. Ltd. and PT First Media Tbk (KBLV) to facilitate discussions and negotiations for a potential acquisition of 1.8 billion shares, representing approximately 66.03% of the entire issued and paid-up capital of PT Link Net Tbk (LINK), member of Lippo Group.
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