XL Axiata block

Etisalat trims XL Axiata stake in $510 million block trade

The heavily anchored deal will increase the free-float in the Indonesian mobile operator to just under 30%.

<div style="text-align: left;"> Prisms by Axiata: a sculpture outside the company's Kuala Lumpur office </div>

Anette Jönsson

September 14, 2012

Emirates Telecommunications (Etisalat) has sold about two-thirds of its holdings in Indonesian mobile operator XL Axiata through a block trade, raising Rp4.88 trillion ($510 million).

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.