bullish

XL Axiata

XL Axiata (EXCL IJ) - Beamed to the Next Level of Convergence

Equity Bottom-Up
354 Views, 24 Jun 2022 15:29
Angus has highlighted this Insight as a Top Pick
EXECUTIVE SUMMARY
  • The completion of the acquisition of a 66% stake in Link Net by Axiata Group and XL Axiata is a significant positive for the latter on its convergence journey.
  • The deal will bring significant synergies for both parties but it gives XL Axiata (EXCL IJ) access to a nationwide fibre backbone, which will be invaluable for 5G longer-term.
  • XL Axiata (EXCL IJ) will now be able to offer a truly bundled service including the best quality high-speed broadband and pay-TV through First Media. Valuations are attractive.
detail (4-minute read)
WHAT’S TRENDING
Insights
  • Trending
  • Latest
logo
Logo
Top Quartile
Angus Mackintosh
ASEAN Insight Provider
CrossASEAN Research
IndonesiaEquity Bottom-UpThematic (Sector/Industry)

In Equity Sales and Research for more than 25 years covering Asian markets. Possesses in-depth knowledge of a wide range... 

Zoom:
NaN%
x