Axiata, Sinar Mas get shareholders’ nod on XLSMART merger

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KUALA LUMPUR, March 26 — Axiata Group Bhd and Sinar Mas announced that shareholders of PT XL Axiata Tbk, PT Smartfren Te...

Meanwhile, the parties also announced that Rajeev Sethi has been appointed as XLSMART’s president director and chief executive officer, to be supported by a robust executive team that includes nine directors and nine commissioners, ensuring a well-balanced representation from both XL Axiata and Smartfren.“Rajeev has extensive and successful experience in transforming telecommunications companies in emerging markets that will help XLSMART to realise its synergy values,” they said.

The merger marks a significant milestone in Indonesia’s telecommunications sector.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesia

Topics: XLSMART Axiata group bhd Merger Telcos Sinar mas

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 11:55:36 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 362 words

Reading Time: 3 minutes read

Sentences: 12 lines

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Copyright Owner: © Malay Mail

News ID: 27460907

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