KUALA LUMPUR: Malaysian wireless carrier Axiata Group Bhd
and Indonesian conglomerate PT Sinar Mas Group are nearing an agreement to merge their telecommunications operations in South-East Asia’s largest economy, people familiar with the matter say.
The owners of PT XL Axiata and PT Smartfren Telecom are finalising details that could be announced as soon as this week, the people said, asking not to be identified because the matter is private.
