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

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