Axiata, Sinar Mas in Early Talks for Merger of Indonesia Units [Yahoo! Finance]
PT XL AXIATA TBK ADR (PTXKY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Most Read from Bloomberg How One of the World's Oldest Hedge Funds Went Bankrupt Flood of China Used Cooking Oil Spurs Call to Hike US Levies China Considers Government Buying of Unsold Homes to Save Property Market Biden Accuses China of ‘Cheating' on Trade, Imposes New Tariffs OpenAI Chief Scientist Ilya Sutskever Is Leaving the Company The owners of PT XL Axiata and PT Smartfren Telecom signed a non-binding memorandum of understanding on Wednesday, according to stock exchange filings. The plan is still in the early stages of evaluation, and both Axiata and Sinar Mas seek to remain controlling shareholders of the merged entity, the companies said. The announcement confirms an earlier report by Bloomberg that the companies were discussing the structure of a potential transaction that would create a $3.5 billion entity with about 100 million customers, people familiar with the matter said. A deal could involve a mix of cash and shares, they said, asking not to be named
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News
- Axiata, Sinar Mas in Early Talks for Merger of Indonesia Units [BNN Bloomberg (Canada)]BNN Bloomberg
- Axiata, Sinar Mas closer to $3.5 billion telco merger in Indonesia, Bloomberg says [Yahoo! Finance]Yahoo! Finance
- Axiata, Sinar Mas closer to $3.5 bln telco merger in Indonesia, Bloomberg says [Reuters]Reuters
- Axiata, Sinar Mas Move Closer to $3.5 Billion Telco Merger [BNN Bloomberg (Canada)]BNN Bloomberg