Indosat might be acquired by XL Axiata (Indonesia)

www.WirelessFederation.com/news: Indonesia’s second largest mobile operator, Indosat might be acquired by XL Axiata by the end of 2010. Strong subscriber and revenue growth has been aimed by XL Axiata this year and it has also been confirmed by the company that dividend payments were likely to resume this year following a return to profit in 2009.

86.5% of XL Axiata is owned by Malaysia’s Axiata Group and 13.3% is owned by Etisalat of the UAE while the remaining 0.2% is publicly held.