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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