Proposed
Axiata Group, Sinar Mas in MOU to explore merger of XL Axiata and Smartfren in Indonesia
Both parties intend to remain as joint controlling shareholders of MergeCo
Significant value to arise from combined scale, competencies, finances and expertise
Proposed mega merger of equals between Axiata & Telenor could create KL headquartered global champion
Preliminary shareholding before due diligence sees Telenor owning 56.5%, Axiata 43.5%
Celcom & Digi merger will create largest telco in Malaysia with over 20mil subscribers
