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
5 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.

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Rival Bid Emerges for HKBN as I Squared Ventures Looks to Acquire Telecom Provider

Rival Bid Emerges for HKBN as I Squared Ventures Looks to Acquire Telecom Provider
6 months ago

In a significant development within the telecommunications sector, I Squared Capital, a prominent private equity firm, has reportedly made a competing bid to acquire Hong Kong Broadband Network Ltd. (HKBN). This move comes as HKBN is already considering another offer from a rival investor group, sparking a competitive landscape for the telecom provider.

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