Tuesday, January 1, 2013

Axis

Tuesday, January 01, 2013   ,   No comments

AXIS launched its services in April 2008. AXIS is the fastest growing national GSM mobile operator in Indonesia. The company provides 2G, 3G and BlackBerry Services nationwide and covers the world through 382 international roaming partners in 159 countries.

AXIS aims to make mobile voice, sms, data and content services available and affordable to all in Indonesia. The brand first launched service in 2008 and introduced a different approach in the marketing of its products and service offerings by being simple, easy to understand and straightforward with its tariff plans. The company also challenges the market norm by providing honest offers without hidden terms and conditions.


Acquisition by XL Axiata
XL Axiata has signed an agreement to acquire Axis Telekom Indonesia, on September 26, 2013.

Conditional sale and purchase agreement or conditional sales purchase agreement (CSPA) is done with the Saudi Telecom Company (STC) and Teleglobal Investment BV (Teleglobal), which is a subsidiary of STC.

XL is called the nominal value of shares will pay an agreed and will pay part of the debts and obligations of Axis.

The deal is conditional purchase agreement includes a few things, namely :
  • Teleglobal will sell a 95 percent stake in Axis to XL. Axis 100 percent of the value of the company is valued at 865 million U.S. dollars, with a note book AXIS net of debt and cash position zero (cash free and debt free). Payment rates will be used to pay the nominal value of shares of Axis, as well as paying debts and obligations of Axis.
  • The transaction will be completed after obtaining the relevant government approvals and the approval of the shareholders general meeting of XL through extraordinary shareholders.
  • One more thing, the transaction will be completed when there is no change of ownership spectrum.

"We believe that all players in the industry agree that consolidation must take place in the telecommunications industry," said President Director of XL Hasnul Suhaimi regarding this acquisition.

Merrill Lynch (Singapore) Pte Ltd (Bank of America Merrill Lynch) is acting as financial advisor for this transaction from XL.





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