XL’s Axis acquisition to change telcom landscape in Indonesia
The recent acquisition of PT Axis Telekom Indonesia by PT XL Axiata (EXCL) will likely change business competition in the mobile telecommunications industry, with close rival PT Indosat (ISAT) particularly feeling the heat, according to analysts.
Indonesia ICT Institute founder and researcher Heru Sutadi said the takeover would reduce the number of competitors in the industry.
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