UAE-based Emirates Telecommunications Corporation (Etisalat) has raised IDR4.88 trillion (USD510.03 million) from the sale of most of its 13.29% stake in Indonesian mobile carrier XL Axiata. According to a term sheet of the offering seen by Reuters on Thursday, Etisalat sold a total of 775 million XL Axiata shares at IDR6,300 per share
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OVETEL XL Axiata sale raises USD510m for Etisalat
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