In the first quarter of 2025, XL Axiata Tbk PT reported a 2% year-on-year revenue increase, reflecting its strategic moves amid a challenging market environment. The company’s stock experienced ...

Following the completion of the merger, Axiata Group and Sinar Mas will become joint controlling shareholders, each holding a 34.8 per cent stake in XLSMART, with equal influence over its ...

The yearly results for Axiata Group Berhad (KLSE:AXIATA) were released last week, making it a good time to revisit its performance. It looks to have been a decent result overall - while revenue ...

Fri, January 3, 2025 Published on Jan. 2, 2025 Published on 2025-01-02T11:11:31+07:00 he country’s two smallest mobile operator companies PT XL Axiata Tbk and PT Smartfren Telecom officially ...

JAKARTA – Malaysian wireless carrier Axiata Group and Indonesian conglomerate Sinar Mas Group have agreed to merge their telecommunications operations in Indonesia in a deal that values the ...

Smartfren Telecom—controlled by billionaire Widjaja family’s investment vehicle Sinar Mas—and Malaysia’s Axiata Group have agreed to merge their telecommunications businesses in Indonesia ...

The owners of PT XL Axiata and PT Smartfren Telecom are seeking to remain as controlling shareholders of the merged entity. Shares in XL Axiata have gained 15% this year, giving the company a ...

Axiata and Indonesian conglomerate Sinar Mas have signed a nonbinding memorandum of understanding to discuss the deal, which is in the early stages of negotiation Photo: lim huey teng/Reuters ...

ajor shareholders of two publicly listed telco companies, PT XL Axiata and PT Smartfren Telecom, have agreed to explore a proposed merger of the two to create a new entity called MergeCo ...

Weeks after it was reported that Axiata Group and PT Sinar Mas Group were discussing a potential merger in Indonesia, Axiata have confirmed the two are in talks. In a stock exchange filing, Axiata ...

Bloomberg News in late April reported that the owners of PT XL Axiata and PT Smartfren Telecom were discussing the structure of a potential combination of the two telecom firms to create a $3.5 ...

The owners of PT XL Axiata and PT Smartfren Telecom are discussing the structure of a potential transaction that would create a $3.5 billion entity with about 100 million customers, the people said.