The official announcement of the non-binding MoU for the merger of XL and Smartfren merely confirms long-standing news reports on the matter. Maybank IB views the consolidation as a healthy market development, with initial integration losses being outweighed by longer-term synergies. The house continues to view Axiata’s overall risk-reward as being positive, with net profit […]
The official announcement of the non-binding MoU for the merger of XL and Smartfren merely confirms long-standing news reports on the matter. Maybank IB views the consolidation as a healthy market development, with initial integration losses being outweighed by longer-term synergies. The house continues to view Axiata’s overall risk-reward as being positive, with net profit […]