XL Axiata and Smartfren Announce Strategic Merger
31, Jul. 2025
XL Axiata and Smartfren Announce Strategic Merger
Marin | 12/11/2024
Jakarta, 11 December 2024 – PT XL Axiata Tbk (“XL Axiata”), PT Smartfren Telecom Tbk (“Smartfren”), and PT Smart Telcom (“SmartTel”) are happy to announce that the parties have entered into a definitive agreement for a proposed merger with a combined pre-synergy enterprise value of IDR104 trillion (~US$6.5 billion).