2024-05-17 19:50:13
Friday, 17 Could 2024 – 00:10 WIB
CEO of PT Smartfren Telecom Tbk. Merza Fachys when met in Jakarta, Thursday (16/5). Photograph: supply for JPNN
jpnn.com, JAKARTA – CEO of PT Smartfren Telecom Tbk. Merza Fachys admitted that he had began exploring a merger between XL Axiata and his firm.
He hopes that the exploration course of won’t final lengthy, contemplating that the 2 firms have signed a memorandum of understanding (MoU) concerning the exploration of a enterprise merger to develop into MergeCo.
“We hope it will not take too lengthy. We would like it, nicely, that is it,” stated Merza on the sidelines of the Digital Sovereign Indonesia occasion organized by Pandi in Jakarta, Thursday (16/5).
He added that after signing the MoU the subsequent course of was consolidation between the 2 firms.
One of many consolidation processes is due diligence to seek out out the seeds, prices and weight of every firm.
“Due diligence is to open up to one another, see what’s inside one another’s stomachs. From there, oh, it seems stunning too. That is OK,” he defined.
Nevertheless, Merza can not verify when the merger will probably be accomplished.
He hopes that if the shareholders of each firms see all of the optimistic sides, the merger course of can happen quickly.
Smartfren hopes that the merger with XL Axiata won’t final lengthy. Learn extra.
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