Axiata, Sinar Mas confirm talks for $3.45b Indonesian telecom merger

Axiata and Sinar Mas have entered into a non-binding agreement.

Malaysia’s telecom major Axiata seeks buyers for overseas holdings, move may fetch $700m

The Kuala Lumpur-based company is seeking a buyer for about 11% of Indonesian unit PT XL Axiata, which has a market value of $2.2b. It is also selling

Indonesia: XL Axiata mulls $500m fundraising to strengthen balance sheet

XL Axiata, the most indebted of Indonesia’s listed wireless carriers, is weighing several fundraising options including selling stock to existing in

Indonesia’s Berca teams up with Huawei, to deploy $150m for 4G LTE launch in 3 cities