Axiata’s Link Net Considering Sale of Stake in Indonesia Fiber Business
- Jakarta-listed company may raise up to $500 million from deal
- Link Net seeking to hire adviser to help with the planned sale
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Indonesian internet provider PT Link Net is considering selling a stake in its fiber business to raise as much as $500 million to fund an expansion, according to people with knowledge of the matter.
The unit of Axiata Group Bhd., Malaysia’s biggest wireless carrier, is seeking an adviser to help with a potential sale, which could raise $400 million to $500 million, the people said, asking not to be identified discussing private information.