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PT Smartfren Telecom Tbk

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2025-03-262025-03-261111100
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2025-03-262025-03-261111100
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shareholders approve merger of xl axiata smartfren and smart telecom

Shareholders of XL Axiata, Smartfren Telecom, and Smart Telcom have approved their merger, creating a new entity named XLSmart, which will serve over 94.3 million subscribers. The merger, backed by regulatory approvals, is expected to generate annual revenue of 45.8 trillion rupiah (US$2.76 billion) and an EBITDA of 22.5 trillion rupiah (US$1.35 billion). Axiata Group and Sinar Mas will each hold a 34.8% stake, with Rajeev Sethi appointed as President Director and CEO.
Tech in Asia
United States Dollar Indonesian Rupiah PT XL Axiata Tbk PT Smartfren Telecom Tbk Axiata Group Berhad IDN Rajeev Sethi Show more
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03:51 26.03.2025
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