BRIEF-XL Axiata Says Co And Smartfren Announce US$6.5 Billion Strategic Merger

Technology
Dec 11 (Reuters) - XL Axiata EXCL.JK : * MERGER WILL ESTABLISH PT XLSMART TELECOM SEJAHTERA TBK * CO AND SMARTFREN ANNOUNCE IDR104 TRILLION (US$6.5 BILLION), STRATEGIC MERGER TO CREATE SIGNIFICANT TELECOMMUNICATIONS PLAYER IN INDONESIA * PROJECTED PRO FORMA REVENUES OF MORE THAN 45.4 TRILLION RUPIAH FOR MERGED ENTITY * PROJECTED PRO FORMA EBITDA OF OVER 22.4 TRILLION RUPIAH FOR MERGED ENTITY Further company coverage: EXCL.JK (([email protected];))
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Published Date
11 Dec 2024 at 11:52 AM
Publisher
Refinitiv
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