Indonesia's XL Axiata, Smartfren to merge

Indonesia's XL Axiata, Smartfren agree to $6.5 billion merger
By Yantoultra Ngui and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) -Indonesian telcos XL Axiata, Smartfren Telecom and its unit Smart Telcom (SmartTel) have agreed to merge to create an entity with an enterprise value of 104 trillion rupiah ($6.
Billionaire Widjaja Family, Axiata Merge Indonesian Telecom Business In $6.5 Billion Deal
Smartfren Telecom—controlled by billionaire Widjaja family’s Sinar Mas—and Malaysia’s Axiata Group are merging their Indonesian telcos in a deal valued at $6.5 billion.
IDX Explanation of XL Axiata and Smartfren Merger
The IDX speaks regarding the merger process between PT XL Axiata Tbk (EXCL) and PT Smartfren Telecom Tbk (FREN).
Indonesia's XL Axiata, Smartfren to merge, with $6.5 billion enterprise value
By Yantoultra Ngui and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) -Indonesian telcos XL Axiata, Smartfren Telecom and Smart Telcom (SmartTel), a unit of Smartfren, said on Wednesday they have agreed to merge to create a combined entity with an enterprise value of 104 trillion rupiah ($6.
XL Axiata and Smartfren Announce $6.5B Merger to Form XLSmart Telekom
XLSmart will combine the customer bases of both companies, with a total of 94.51 million mobile subscribers and a 27 percent market share. The new entity is expected to generate a revenue of Rp 45.4 trillion and EBITDA of more than Rp 22.4 trillion.
Axiata Announces Signing of Definitive Agreement with Sinar Mas for the proposed merger of XL Axiata and Smartfren in Indonesia
Axiata Group Berhad (“ Axiata ” or “ the Group ”) today announced the signing of a definitive agreement with Sinar Mas (“ Sinar Mas ”) to progress the proposed merger of PT XL Axiata Tbk (“ XL Axiata ”),
XL Axiata, Smartfren to join forces in $6.5b merger
If the merger goes through, the two telcos will each own 34.8 percent in XLSmart with “equal influence” over the firm’s strategic direction.
Axiata, Sinar Mas close to a merger deal in Indonesia - report
Axiata Group and PT Sinar Mas Group are close to agreeing a merger agreement of their Indonesian mobile units. As reported by Bloomberg, Malaysian telco Axiata and Indonesian conglomerate Sinar Mas could even finalize an agreement this week.
Indonesia's XL Axiata, Smartfren to Merge with US$6.5bn Enterprise Value
XLSmart will have a combined mobile subscriber base of around 94.5 million and a market share of 27% in Indonesia, with pro forma revenues of 45.4 trillion rupiah and earnings before interest, tax, depreciation, and amortization (EBITDA) of over Rp22.4 trillion, the statement said.
Indonesia's XL Axiata, Smartfren to merge, with $6.3 bln enterprise value
XL's owners Axiata Group Bhd and Smartfren's parent Sinar Mas Group will be the joint controlling shareholders with equal interest and influence over the merged entity, which is expected to be named XLSmart,
TelecomTV1d
Indonesian telcos strike $6.5bn merger deal
XL Axiata and Smartfren have been in merger talks for monthsNow their parent companies have agreed a $6.5bn dealIf the merger ...
Business Times2d
Axiata and Sinar Mas to forge US$6.5b telco giant in Indonesia to drive 5G expansion
JAKARTA] Malaysia’s Axiata Group and Indonesia’s Sinar Mas Group announced a landmark US$6.5 billion merger of their ...