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Message: <blockquote data-quote="Edition" data-source="post: 20680349" data-attributes="member: 407691"><img src="https://3.bp.blogspot.com/-F07vZ5j_dLM/V9oyAh7RbEI/AAAAAAADJR0/KChbN2GGSag_3XQzXaAhjkQU_Lgxd1mBQCLcB/s1600/dialog1.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="https://1.bp.blogspot.com/-FFEIGlAgVo8/V9ot7qYiP6I/AAAAAAADJRg/OSkt23dVWJkr_8p5lu3yhZtuaiROimDDQCLcB/s1600/dialog2.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" />Shares of XL Axiata dropped as much as 4.9 percent Tuesday and were  down 3.4 percent to 2,560 rupiah at 12:29 a.m. in Jakarta, headed for  their lowest close since October 2015. The benchmark Jakarta Stock  Exchange Composite Index fell 1.6 percent. Axiata Group Bhd., Malaysia’s  biggest mobile-phone operator, is seeking to trim stakes in some of its  overseas operations in deals that could raise as much as $700 million,  people familiar with the matter said.Axiata, based in Kuala  Lumpur, is seeking a buyer for about 11 percent of Indonesian unit XL  Axiata, according to the people. It is also selling as much as 30  percent each of listed Sri Lanka unit Dialog Axiata Plc and closely held  Cambodian subsidiary Smart Axiata Co., the people said, asking not to  be identified because the information is private.Total  debt at Axiata has risen 55 percent since the end of 2014 to reach 21.5  billion ringgit ($5.2 billion) at the end of June, data compiled by  Bloomberg show. Axiata, which has interests in 10 countries across Asia,  will use part of the proceeds from the divestments to cut borrowings,  the people said. Axiata continuously reviews various strategic  options to enhance shareholders’ value, the company said in an e-mailed  statement Tuesday. Since the middle of last year Axiata has been  exploring options including rebalancing its portfolio and reviewing its  shareholdings across subsidiaries, according to the statement.The  Malaysian company owns 83.3 percent of Dialog Axiata in Sri Lanka  and 95.3 percent of Cambodian subsidiary Smart Axiata, according to its  annual report. It also owns 66.4 percent of its Indonesian unit XL  Axiata, whose shares have fallen 26 percent this year.Axiata also  has operations in Bangladesh and Pakistan, as well as minority stakes  in Singapore telecommunications firm M1 Ltd. and Indian wireless carrier  Idea Cellular Ltd. In April, Axiata <a href="https://www.axiata.com/mroom/news-article/132/" target="_blank">completed</a> the $1.4 billion acquisition of an 80 percent stake in Nepal’s Ncell Pvt.<a href="http://www.bloomberg.com/news/articles/2016-09-14/xl-axiata-falls-as-malaysian-parent-said-planning-to-cut-stake" target="_blank">http://www.bloomberg.com/news/articles/2016-09-14/xl-axiata-falls-as-malaysian-parent-said-planning-to-cut-stake</a></blockquote>

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