KUALA LUMPUR, July 30 — Axiata Group Bhd and its 66.48 per cent subsidiary PT XL Axiata Tbk has entered into a non-binding term sheet for the proposed acquisition of approximately 66.03 per cent of Indonesia's PT Link Net Tbk (Link Net).
Media Selangor Sdn Bhd, a subsidiary of the Selangor State Government (MBI), is a government media agency. In addition to Selangorkini and SelangorTV, the company also publishes portals and newspapers in Mandarin, Tamil and English.