HiTeching.com
Home Technology Crypto AI Сontacts
Major Telecom Merger: Axiata and Sinar Mas Unite Their Indonesian Operations in a $6.5 Billion Deal

Major Telecom Merger: Axiata and Sinar Mas Unite Their Indonesian Operations in a $6.5 Billion Deal
8 months ago

In a significant move set to reshape the telecommunications landscape in Indonesia, Axiata Group Berhad, a prominent Malaysian telecommunications company, has announced its decision to merge its Indonesian subsidiary, XL Axiata, with Sinar Mas Group's mobile unit, Smartfren. The deal is valued at a remarkable $6.5 billion and is poised to create a formidable player in the bustling Indonesian market, which is notorious for its fierce competition among telecom providers.

Continue reading

Copyright © 2025
All rights reserved hiteching.com

Back to Top