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XL Jakarta Axiata Axis Capital Group PT Telekom: Axiata Unit Buys Axis Telekom by Assuming $865 Million Debt

PT XL Axiata Tbk., (EXCL) a unit of Malaysia’s largest mobile-phone operator, will acquire PT Axis Telekom Indonesia from Saudi Telecom Co. (STC) and settle $865 million of the closely held carrier’s debts.