Shareholders approve XL Axiata, Smartfren merger
The new entity XLSMART will serve more than 94.3 million subscribers and generate $2.76 billion in revenue.
Axiata increases earnings to $213.9 m in FY24 on subsidiary gains
Axiata’s earnings expanded 1.9%, and the majority of its subsidiaries are adding with the exception of Hyperlinks and Discussion.
Axiata and Sinar Mas to merge ID telecom arm in US$650 million deal
Merger talks took more than three years to reach a formal agreement.
Billionaire Widjaja family merges Indonesian telecoms businesses with Axiata in $6.5 billion deal
Axiata is headquartered in Kuala Lumpur. © 2021 Bloomberg Finance, Inc. Smartfren Telecom, controlled by Sinar Mas, the investment company of billionaire Widjaja family, and Malaysia's Axiata Group have agreed to merge
ID Telecom giants XL Axiata and Smartfren are reportedly set to merge
Merger discussions are said to involve a mix of cash and stock, with an announcement expected soon.