Axiata, Sinar Mas Are Said to Near Deal for Indonesian Units [Yahoo! Finance Canada]
PT XL AXIATA TBK ADR (PTXKY)
NASDAQ:AMEX Investor Relations:
xlgroup.com/xl-investor-relations
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The owners of PT XL Axiata and PT Smartfren Telecom are finalizing details of a transaction that could be announced as soon as this week, the people said, asking not to be identified because the matter is private. The companies have been discussing the structure of a deal that may involve a mix of cash and shares and that would create an entity with about 100 million customers, Bloomberg News reported in April. XL Axiata's shares slipped as much as 1.3% Tuesday, the most since Nov. 22, but later pared the loss. They have advanced 15% since the start of this year, giving the company a market value of $1.9 billion. Axiata Group rose 1.3% Tuesday. Smartfren's shares were little changed, leaving them with a loss of 46% in 2024. Smartfren's market value is $811 million. Talks are ongoing and could still face delays, the people said. If it pushes through, a deal would cap more than three years of discussions. A representative for the companies declined to c
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