Link Net Acquired by XL Axiata: Here's the Latest Shareholder Structure

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Reza Pahlevi 23/06/2022 11:50 WIB

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XL Axiata acquires Link Net from Lippo Group for Rp8.7 trillion.

Shareholder Composition of PT Link Net Tbk after Acquisition (June 22, 2022)

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Link Net Acquired by XL Axiata: Here's the Latest Shareholder Structure

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Shareholder Composition of PT Link Net Tbk after Acquisition (June 22, 2022)

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XL Axiata Group has now taken control of PT Link Net Tbk from the Lippo Group. This acquisition was made by XL Axiata Group purchasing 66.03% of Link Net's shares for Rp8.7 trillion.

These shares were purchased from PT First Media Tbk and Asia Link Dewa Pte Ltd, which are affiliated with the Lippo Group. Specifically, 29.04% of the shares were bought from First Media and 36.99% from Asia Link Dewa.

XL Axiata Group's ownership is then divided into two entities. First, Axiata Investments (Indonesia) Sdn. Bhd. holds 46.03% of the shares. Then, PT XL Axiata Tbk holds 20% of the shares.

Link Net began operating, providing broadband internet and cable TV services, in 2000. Currently, Link Net has a customer base of approximately 860,000.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."