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UAE’s Etisalat eyes $700M from sale of XL Axiata stake

UAE’s Etisalat eyes $700M from sale of XL Axiata stake

UAE telecom operator Etisalat plans to sell its entire 13.29 percent stake in Indonesia's No.3 phone firm PT XL Axiata, to raise between $600 to $700 million this year, sources said on Tuesday.

March 13, 2012 1:52