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Smartfren and Axiata Merge to Create Indonesia's Third-Largest Mobile Carrier
Indonesia's Smartfren Telecom and Malaysia's Axiata Group will merge their Indonesian operations to create XLSmart Telecom Sejahtera, a combined entity with 94 million subscribers and a value of $6.5 billion, aiming to compete with larger rivals.
Smartfren and Axiata Merge to Create Indonesia's Third-Largest Mobile Carrier
Indonesia's Smartfren Telecom and Malaysia's Axiata Group will merge their Indonesian operations to create XLSmart Telecom Sejahtera, a combined entity with 94 million subscribers and a value of $6.5 billion, aiming to compete with larger rivals.
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48% Bias Score
Industry, Innovation, and Infrastructure