Billionaire Widjaja family-backed Smertfren and Malaysia's Axiata Group are in talks to merged their mobile phone companies in Indonesia, one of Southeast Asia's most competitive telecom markets.

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 ($6.5 billion), the ...

Postpaid plans bill you for your data, talk, and text usage after a set period, usually monthly. This model is very convenient because you can't run out of data or minutes mid-month, even if you ...

The owners of PT XL Axiata and PT Smartfren Telecom are working with advisers to help weigh a potential transaction, the people said, asking not to be identified because the matter is private.

With the XL Axiata-Smartfren merger set for completion in the second quarter, all of the group’s markets will transition to a three-entity structure, with Axiata holding over 25% market share in ...

The proposed merger between Axiata Group Bhd’s 66.3%-owned XL Axiata and Indonesia’s Smartfren could see improved economies of scale, operational synergies, reduced competition and capital ...

Mon, March 27, 2023 Published on Mar. 27, 2023 Published on 2023-03-27T13:23:03+07:00 T Smartfren Telecom Tbk. and Xingtera Inc. are joining forces to strengthen collaboration on 5G private ...