President Prabowo highlighted that Indonesia's ICOR is higher than that of several neighboring countries, indicating lower ...

U.S.-based private investment firm Bain Capital has invested $157 million in Indonesian private healthcare company Mayapada ...

By Yantoultra Ngui and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) -Indonesian telcos XL Axiata, Smartfren Telecom and its ...

The Widjaja family’s wealth soared 75% to $18.9 billion, fueled by a sevenfold jump in shares of Dian Swastatika Sentosa, the ...

Axiata Group Bhd and Indonesia’s conglomerate Sinar Mas Group have agreed to merge their Indonesian telecom units, PT XL ...

Having been in discussions since May this year, Indonesia’s third- and fourth-largest telcos, XL Axiata and Smartfren, have finally agreed to merge their operations. The deal, valued at around $6.5 ...

XL Axiata and Smartfren have been in merger talks for monthsNow their parent companies have agreed a $6.5bn dealIf the merger ...

If the merger goes through, Axiata and Sinar Mas will each own 34.8 percent in XLSmart with “equal influence” over the firm’s ...

Berhad (“Axiata” or “the Group”) today announced the signing of a definitive agreement with Sinar Mas (“Sinar Mas”) to progress ...

XLSmart will have a combined mobile subscriber base of around 94.5 million and a market share of 27% in Indonesia, with pro ...

Malaysian wireless carrier Axiata Group Bhd. and Indonesian conglomerate PT Sinar Mas Group agreed to merge their ...

Axiata and Sinar Mas sealed a deal to merge their telecoms units XL and Smartfren, in a deal valuing the new company at $6.5 ...