Deals
Axiata, Sinar Mas Exploring Indonesian Mobile Unit Deal
- Options under discussion include merger, network sharing
- CK Hutchison approached Axiata about potential XL deal in 2019
A building of Celcom Axiata Bhd., a unit of Axiata Group Bhd., in Kuala Lumpur.
Photographer: Samsul Said/BloombergThis article is for subscribers only.
Malaysia’s biggest wireless carrier Axiata Group Bhd. and Indonesian conglomerate Sinar Mas Group are exploring options that could include a merger of their telecommunications operations in Indonesia, according to people with knowledge of the matter.
The owners of PT XL Axiata and PT Smartfren Telecom are working with advisers to weigh options that could also include agreements around sharing their networks, said two of the people, who asked not to be named as the process is private.