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.
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.
Indonesia's XL Axiata, Smartfren to merge, with $6.3 billion enterprise value, say sources
Indonesian telcos XL Axiata, Smartfren Telecom and a unit of Smartfren are expected to announce a merger as early as Wednesday, two sources with direct knowledge of the matter said. The merged entity is expected to have an enterprise value of over 100 trillion rupiah ($6.
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.
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.
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 is approved, they will create
Axiata, Sinar Mas Merge Indonesia Units in $6.5 Billion Deal
Malaysian wireless carrier Axiata Group Bhd. and Indonesian conglomerate PT Sinar Mas Group agreed to merge their telecommunications operations in Indonesia in a deal that values the business at $6.5 billion.
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 $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,
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.
Renewable Energy Recharges Wealth Of Indonesian Conglomerate Sinar Mas Family
The Widjaja family’s wealth soared 75% to $18.9 billion, fueled by a sevenfold jump in shares of Dian Swastatika Sentosa, the ...
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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 ...