Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
| Type | Announcement |
| Subject | OTHERS |
| Description |
AXIATA GROUP BERHAD ("AXIATA" OR "COMPANY") PROPOSED MERGER OF PT XL AXIATA TBK ("XL") AND PT SMARTFREN TELECOM TBK ("SMARTFREN") |
|
We refer to the announcement dated 15 May 2024 in relation to the non-binding Memorandum of Understanding with PT Wahana Inti Nusantara, PT Global Nusa Data and PT Bali Media Telekomunikasi, to mutually explore a proposed merger of XL and Smartfren. On behalf of the Board of Directors of Axiata, Maybank Investment Bank Berhad wishes to announce that the Company has issued a press release dated 11 December 2024 pertaining to the signing of the definitive agreements with Sinar Mas for the proposed merger of XL and Smartfren in Indonesia (“Press Release”).
Please find attached the Press Release.
This announcement is dated 11 December 2024. |
|
| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 11 Dec 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11122024-00003 |
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