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XL Axiata rights issue “on track” – CFO

Connectivity BusinessbyConnectivity Business
May 3, 2016
in Financing, Space Services
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Indonesian mobile operator XL Axiata has secured commitments from its parent, Malaysia’s Axiata Group, and the majority of its public investors to subscribe to a planned rights issue, according to CFO Mohamed Adlan bin Ahmad Tajudin. Proceeds will be used to repay a US$500m loan from the Axiata Group and for working capital purposes. Indonesian mobile operator XL Axiata […]

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Tags: Asia PacificAxiataBANK MANDIRICredit SuissePremiumTF245XL Axiata
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