Download - Axiata Group Berhad - Investor Relations

45. LIST OF SUBSIDIARIES (CONTINUED)% of Group’seffective P place ofName of company shareholding Principal activities incorporation2009 2008Subsidiaries held through TM International (L) Limited (continued)Multinet Pakistan (Private) Limited* 89.00 89.00 Provision of wide range of Pakistannon-mobile telecommunicationsservices with its focus on businessto business segment of the market,facility based operator with a 100%Digital Fibre Optic network acrossPakistan, supports fibre-opticconnectivity, Long DistanceInternational originations/terminationsand co-location servicesIndocel Holding Sdn Bhd 100.00 100.00 Investment holding MalaysiaSubsidiary held through Indocel Holding Sdn BhdPT XL Axiata Tbk # 86.49 83.79 Provision of mobile telecommunication Indonesiaservices in Republic of IndonesiaSubsidiaries held through PT XL Axiata TbkExcel Phoneloan 818 BV # 86.49 83.79 Financing NetherlandsExcelcomindo Finance Company BV # 86.49 83.79 Financing NetherlandsGSM One (L) Limited # 86.49 83.79 Financing Federal Territory,Labuan, MalaysiaGSM Two (L) Limited # 86.49 83.79 Financing Federal Territory,Labuan, MalaysiaAxiata Group Berhad • 276