JAKARTA -- Mobile operator XL Axiata, the Indonesian unit of Malaysia's Axiata Group, announced on Wednesday a merger with smaller rival Smartfren, part of major local conglomerate Sinar Mas.
Business deals
Indonesian telecom rivals XL Axiata and Smartfren finalize $6.5bn merger
New entity to launch next year after CEO resignation, labor strike
Indonesian mobil providers XL Axiata and Smartfren will merge to create XLSmart, a new $6.5 billion entity.
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