Sidley has recently represented PT XL Axiata Tbk, a leading Indonesian mobile telecommunications operator, and its parent Axiata Group Berhad, an international mobile telecommunications company headquartered in Malaysia, on XL Axiata’s US$865 million acquisition of PT Axis Telekom Indonesia from Saudi Telecom Company.

The transaction was led by partner Gerard Hekker, supported by associates Melati Tobing and Sigfried Looho, in the firm’s Singapore office. In addition, lawyers in the firm’s London office also acted on the transaction including partners John Woodhall and Will Smith, as well as counsel Struan Oliver. The Sidley team leveraged the firm’s mergers & acquisitions, telecommunications, finance and tax knowledge and experience to support XL Axiata in structuring and completing this complex transaction that consolidates key industry players and is expected to improve the health and sustainability of the Indonesian telecommunications industry.