Wireless carrier Axiata Group Berhad (KLSE:AXIATA) and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said. The owners of PT XL Axiata Tbk (IDX:EXCL) and PT Smartfren Telecom Tbk (IDX:FREN) are discussing the structure of a potential transaction that would create a $3.5 billion entity with about 100 million customers, the people said. A deal could involve a mix of cash and shares, they said, asking not to be named as the process is private.
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
50 IDR | 0.00% | 0.00% | 0.00% |
04-25 | Axiata, Sinar Mas Reportedly Move Closer to $3.5 Billion Telco Merger in Indonesia | CI |
03-27 | PT Smartfren Telecom Tbk Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,430 IDR | +0.83% | -1.62% | 1.97B | ||
50 IDR | 0.00% | 0.00% | 1.34B | ||
2.91 MYR | +2.11% | +2.83% | 5.52B | ||
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
0.00% | 1.34B | |
+23.73% | 91.44B | |
-7.91% | 24.74B | |
-15.11% | 20.99B | |
+4.79% | 10.68B | |
-22.50% | 10.19B | |
+0.49% | 10.17B | |
+4.01% | 9.26B | |
-18.81% | 9.14B | |
+18.67% | 6.64B |
- Stock Market
- Equities
- FREN Stock
- News PT Smartfren Telecom Tbk
- Axiata, Sinar Mas Reportedly Move Closer to $3.5 Billion Telco Merger in Indonesia