Telecom company PT XL Axiata Tbk (EXCL) said that it has received an effective letter from the Financial Service Authority (OJK) approving the Company’s fully underwritten rights issuance.
By Vincencia NLS
Indonesia’s largest telecom operator PT Telekomunikasi Indonesia Tbk (TLKM) and SK Telecom (NYSE:SKM) of South Korea, have signed a memorandum of understanding (MoU) to cooperate in new business areas including IoT, media and smart products such as Lifeware.
Grocery online HappyFresh and Orami signed a memorandum of understanding (MoU) with PT Dimo Pay Indonesia on digital payment service.
Stepping on its second year, online shopping Elevenia has raised fresh funding US$50 million from Indonesia’s second largest mobile operator PT XL Axiata Tbk (EXCL), with participation from SK Planet — a subsidiary of South Korea’s largest mobile carrier SK Telecom.
PT XL Axiata Tbk (EXCL), the third largest telecom company in Indonesia which is 66.45 owned by Malaysia’s Axiata Group, unveils its plan to launch rights issue plan, the proceeds of which will be used to repay US dollar shareholders loan worth $500 million.
PT Indosat Ooredoo Tbk (ISAT) and PT XL Axiata Tbk (EXCL) have agreed to use joint telecommunication network or network sharing in order to widen their 4G LTE services to their customers through the so-called Multi Operator Radio Access Network (MORAN) system. While, French smartphone vendor Wiko Mobile will release its latest product in Indonesia on Jan. 22.
Indonesia mobile-phone operator PT SmartFren Telecom Tbk (FREN) has set ambitious targets to get five million subscribers by the end of 2016, while some investors are eyeing telecom towers of other operator PT XL Axiata Tbk (EXCL). SmartFren Telecom targets 5m subscribers in 2016 SmartFren, an LTE provider, has laid down… Read more »
Indonesia is all set to scale the next step of digital evolution with the full-scale launch of fourth generation (4G) services, that offer high internet speeds. The 4G services, which were launched by Indonesia President Joko Widodo, will be operated by five telecom players, PT Telekomunikasi Selular (Telkomsel), PT Indosat Tbk… Read more »
Indonesia telecom firm PT XL Axiata Tbk (EXCL) is setting up a business solutions platform, DigiBiz, to help small and medium enterprises (SMEs) strengthen their marketing initiatives and grow their businesses. The company would invest up to Rp500 billion ($36.23 million) over the next three years to develop the new… Read more »
Indonesia’s telecommunication firm PT Indosat Tbk (ISAT) plans to raise funds amounting to Rp900 billion ($65.69 million) from conventional and sharia bond issues. Based on announcement published on Monday (Nov 23), the bonds have four series with coupon rate ranging from 10.00 per cent for three years period, 10.25 per… Read more »