Axiata, Sinar Mas ink collaboration agreements

From left: President of Indonesia Prabowo Subianto, chairman of Sinar Mas Telecommunications and Technology Franky Oesman Widjaja, chairman of Axiata Tan Sri Shahril Ridza Ridzuan and Prime Minister Datuk Seri Anwar Ibrahim

KUALA LUMPUR: Axiata Group Bhd and Sinar Mas have signed two letters of intent (LOI) to explore a series of strategic collaborations.

In a statement, Axiata said the first LOI outlines specific projects and initiatives to drive further collaboration around potential synergies in Malaysia, Indonesia, and Southeast Asia.