SK Planet and XL Axiata form telecom JV

Korean SK Planet and the listed Indonesian phone operator XL Axiata have formed a joint venture as of May 16 to provide telecommunications services, according to a stock exchange announcement.  Both will go 50-50 into the venture with USD 18.3 million each.

The JV was designed to support XL Axiata’s business of providing digital services and strengthen their position in the Indonesian telecom sector.

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