PT XL Axiata, the most indebted of Indonesia's listed wireless carriers, is considering raising as much as US$500 million (RM2.2 billion) next year, people with knowledge of the matter said.
The company, a unit of Axiata Group Bhd, is weighing several fundraising options including selling stock to existing investors through a rights offering, according to the people. It could sell shares in the first half of next year depending on market conditions, the people said, asking not to be named as the information is private.
XL Axiata, led by chief executive officer Dian Siswarini, said earlier this year it's seeking to strengthen its balance sheet and focus on more profitable subscribers.
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The company, a unit of Axiata Group Bhd, is weighing several fundraising options including selling stock to existing investors through a rights offering, according to the people. It could sell shares in the first half of next year depending on market conditions, the people said, asking not to be named as the information is private.
XL Axiata, led by chief executive officer Dian Siswarini, said earlier this year it's seeking to strengthen its balance sheet and focus on more profitable subscribers.
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