XL

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

11 days 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.

Affirm's CEO Project Optimism on Credit Quality as Holiday Season Approaches

1 month ago

As the holiday shopping season draws nearer, Affirm's Chief Executive Officer Max Levchin has expressed a confident outlook regarding the quality of consumer credit. In a recent conversation, Levchin emphasized that customer payment behaviors have shown promising trends, positioning the company favorably in the competitive landscape of buy now, pay later (BNPL) services.