News for PT Link Net Tbk (LINK.JK)

REDWOOD CITY, Calif., September 12, 2023--PT Link Net Tbk (Link Net), one of the leading providers of fixed broadband internet and cable TV in Indonesia with the brand First Media, is working with Qwilt and Cisco to deploy their Content Delivery Network (CDN) solution, elevating the quality and delivery capacity of Link Net’s streaming applications to more than 3 million homes across Indonesia. The deployment brings Link Net actively into the content delivery value chain while enabling content p

Axiata Group Bhd, Malaysia’s biggest wireless carrier by revenue, plans to sell stakes in some of its businesses and list its technology units to reduce debt taken to fund the acquisition of telecom assets overseas.

KUALA LUMPUR (Sept 20): Axiata Group Bhd's credit profile is increasingly likely to weaken, according to S&P Global Ratings. In a statement on  Monday (Sept 19), the rating agency said the proposed merger between Celcom Axiata Bhd (Axiata's Malaysia unit) with Digi.com Bhd is now a step closer to completion. “In our view, this transaction will erode the earnings quality of Axiata. “An acquisition-fueled increase in leverage adds further pressure to Axiata's credit profile,” it said.

Axiata Group Bhd is planning to extend the tenure of some short-term debts, which are set to mature in two years, to maturities of three to 10 years.

Here is a brief look at some corporate announcements and news flow on Wednesday (June 22), which involve Axiata Group Bhd, Bioalpha Holdings Bhd, Reservoir Link Energy Bhd, Allianz Malaysia Bhd, CIMB Group Holdings Bhd, Omesti Bhd, Deleum Bhd, Tenaga Nasional Bhd, Mestron Holdings Bhd and Kronologi Asia Bhd.

Here is a brief look at some corporate announcements and news flow on Friday (May 27) involving British American Tobacco (Malaysia) Bhd, Affin Bank Bhd, Petronas Chemicals Group Bhd, PMB Technology Bhd, Keck Seng (Malaysia) Bhd, Bintulu Port Holdings Bhd, Formosa Prosonic Industries Bhd, Paramount Corp Bhd, Hap Seng Consolidated Bhd, Malayan Flour Mills Bhd, MSM Malaysia Holdings Bhd, Boustead Holdings Bhd, Kretam Holdings Bhd, Chin Well Holdings Bhd, Dagang NeXchange Bhd, Pestech International Bhd, Ahmad Zaki Resources Bhd, Bintai Kinden Corp Bhd, Axiata Group Bhd, CTOS Digital Bhd, Power Root Bhd and Cypark Resources Bhd.

The Employees Provident Fund has announced on its website that it voted against the proposed acquisition of a 66.03% stake in Indonesian cable and internet provider PT Link Net Tbk by Axiata Group Bhd.

Here is a brief look at some corporate announcements and news flow on Thursday (May 26) involving Axiata Group Bhd, UMediC Group Bhd, Optimax Holdings Berhad, Mega First Corp Bhd, Petronas Dagangan Bhd, Sunway Bhd, Genting Bhd, Genting Malaysia Bhd, Malaysia Building Society Bhd, MISC Bhd, Malayan Banking Bhd, Kerjaya Prospek Group Bhd, Petron Malaysia Refining & Marketing Bhd, IHH Healthcare Bhd, DRB-Hicom Bhd, KPJ Healthcare Bhd, YTL Corp Bhd and AME Elite Consortium Bhd.

EVENING 5: Axiata’s planned buy of Link Net passes despite some oppositionDirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Axiata Group Bhd’s shareholders approved its deal to buy a stake in PT Link Net Tbk but the approval was not unanimous. 2. Malayan Banking Bhd saw its first quarter earnings drop as revenue fell and overhead expenses rose. 3. Genting Malaysia Bhd’s net loss for 1QFY22 narrow on the back of easing