Axiata Group to merge with PT Smartfren Telecom in a $6.5bn deal.

Axiata Group, a Malaysian multinational telecommunications company, agreed to merge with PT Smartfren Telecom, a telecommunications company, in a $6.5bn deal. “We are incredibly proud to deepen our partnership with Sinar Mas through the creation of XLSmart as we work together toward our ambitious commitment to bridging the digital divide and fostering a connected, inclusive, and thriving digital economy across Indonesia and the broader ASEAN region. Axiata understands that achieving these goals requires strong, strategic collaborations, and we believe that this relationship with Sinar Mas will further empower us to deliver sustainable digital growth and make many of these goals a reality. We look forward to building a successful future with Sinar Mas and creating meaningful impact for generations to come,” Tan Sri Shahril Ridza Ridzuan, Axiata Chairman.