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View all search resultsThe Business Competition Supervisory Commission (KPPU) is carrying out a preliminary investigation into suspected cartel practices committed by telecommunications operators XL Axiata and Indosat Ooredoo, the commission’s top official said.
A new challenger has appeared in Indonesia’s growing music-streaming market as US-based service Yonder Music will make its official debut on May 23, with a specific focus on helping Indonesian music break out into other markets.
XL Axiata Tbk has secured permission from the Financial Services Authority (OJK) to collect public funds worth Rp 6.7 trillion (US$503.4 million) through a rights issue. Most of the proceeds will go to its parent company, Malaysia-based Axiata Group Bhd, as a debt payment.
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