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XL Axiata Tbk PT (EXCL.JK)

EXCL.JK on Jakarta Stock Exchange

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Latest Key Developments (Source: Significant Developments)

PT XL Axiata Tbk - Anti-monopoly agency fines Indonesian telecom firms for text message "cartel" - Reuters
Wednesday, 2 Mar 2016 01:33pm EST 

PT XL Axiata Tbk:Five Indonesian telecommunication firms have been fined a total of 77 billion rupiah ($5.8 million) for setting the rate charged for text messages far above costs, the head of the country's anti-monopoly agency said on Thursday - RTRS.In 2008, the Business Competition Supervisory Commission (KPPU) found PT XL Axiata Tbk EXCL.JK, PT Telkomsel, PT Telekomunikasi Indonesia Tbk TLKM.JK, PT Bakrie Telecom Tbk BTEL.JK and Mobile-8 Telecom guilty.The Indonesian Supreme Court upheld KPPU's verdict on Monday, KPPU Head Syarkawi Rauf told reporters on Thursday.  Full Article

PT XL Axiata Tbk offers shares in rights issue-The Jakarta Post
Monday, 1 Feb 2016 07:00pm EST 

PT XL Axiata Tbk:Sets to hold a rights issue to cover its foreign debt of $500 mln-The Jakarta Post.To offer up to 2.75 bln new shares, around 24 pct of company's enlarged capital, in a rights issue to be executed in May.Company did not specify how much money it aims to raise from the equity offer.  Full Article

Indeks LQ45 excludes PT XL Axiata Tbk from index list
Sunday, 24 Jan 2016 07:00pm EST 

PT XL Axiata Tbk:Says that Indeks LQ45 has excluded the company from its index list effective February.  Full Article

Indeks SRI-KEHATI excludes PT XL Axiata Tbk from index list
Sunday, 26 Apr 2015 08:00pm EDT 

PT XL Axiata Tbk:Says Indeks SRI-KEHATI has excluded the company from its index list effective May.  Full Article

PT XL Axiata Tbk appoints new president director and chief executive officer-Reuters
Tuesday, 14 Apr 2015 08:00pm EDT 

PT XL Axiata Tbk:Appoints Dian Siswarini as the new President Director and Chief Executive Officer, replacing Hasnul Suhaimi-Reuters.  Full Article

Fitch: Indonesia Telcos to Benefit from Stable Competition

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: 2017 Outlook: Indonesia Telecommunications https://www.fitchratings.com/site/re/888726 SINGAPORE, October 23 (Fitch) Fitch Ratings says in a Special Report released today that the credit profiles of Indonesia's top three telcos - PT Telekomunikasi Indonesia Tbk (Telkom, BBB-/Stable), PT Indosat Tbk (BBB/Stable) and PT XL Axiata Tbk (BBB/Stable) - will remain largely intact, supported by rational compet