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Malaysia’s Axiata Weighing Options for Indonesian Units, Sources Say

  • Options include merging broadband, mobile units in the nation
  • Axiata could look to sell a minority stake in combined entity

Axiata Group Bhd. is exploring options for its Indonesia businesses including combining its broadband and mobile services in the country, according to people with knowledge of the matter.

Malaysia’s biggest wireless company is laying the groundwork of a potential deal that would help boost synergies in its Jakarta-listed assets, said the people, who asked not to be identified as the process is private. Options under consideration also include bringing in a minority investor for its infrastructure assets as a way to fuel further investments and growth, the people said.