Smartfren Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/smartfren/ Latest business news media headlines platform today | Lets talk Business Fri, 10 Apr 2026 11:45:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://heaptalk.com/wp-content/uploads/2025/04/cropped-fav-icon-48x48-1-32x32.png Smartfren Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/smartfren/ 32 32 Smartfren Responds to Lawsuit Over Warrant Conversion Amid XL Merger https://heaptalk.com/news/smartfren-responds-to-lawsuit-over-warrant-conversion-amid-xl-merger/ Fri, 28 Mar 2025 04:31:06 +0000 https://heaptalk.com/?p=47142 Heaptalk, Jakarta — PT Smartfren Telecom Tbk (FREN) has responded to a lawsuit filed by a group of FREN warrant holders at the Central Jakarta District Court. The lawsuit was filed by FREN Series III Warrants holders, who claimed financial losses due to the accelerated warrant conversion policy following Smartfren’s merger with PT XL Axiata Tbk (EXCL). […]

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]]> XL Axiata & Smartfren Finalize Merger, Forming XLSmart https://heaptalk.com/news/xl-axiata-smartfren-finalize-merger-forming-xlsmart/ Thu, 27 Mar 2025 08:40:20 +0000 https://heaptalk.com/?p=47114 Heaptalk, Jakarta — Following a successful merger, XL Axiata and Smartfren have officially formed a new entity, PT XLSmart Telecom Sejahtera Tbk (XLSmart), which will commence operations on April 16, 2025. “Starting April 16, we will operate as a single company,” said Rajeev Sethi, President Director of XLSmart, in an official press release on Tuesday (March 25). […]

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]]> After the merger, XLSmart will focus on new business ventures https://heaptalk.com/industry/after-the-merger-xlsmart-will-focus-on-new-business-ventures/ Wed, 26 Mar 2025 07:33:52 +0000 https://heaptalk.com/?p=47076 Heaptalk, Jakarta — On Tuesday (03/25), two telecommunications companies, XL Axiata (EXCL) and Smartfren Telecom (FREN), including PT Smart Telecom (SmartTel), officially merged with shareholder approval. This merger has resulted in the creation of a new brand called XLSmart. Antony Susilo, Director and Chief Financial Officer of XLSmart, stated that the company will focus on […]

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]]> XL Axiata and Smartfren officially merge at a US$6.5bn value https://heaptalk.com/news/xl-axiata-and-smartfren-officially-merge-at-a-us6-5bn-value/ Thu, 12 Dec 2024 11:34:30 +0000 https://heaptalk.com/?p=44879 Heaptalk, Jakarta — PT XL Axiata Tbk (XL Axiata), PT Smartfren Telecom Tbk (Smartfren), and PT Smart Telcom (SmartTel) have reached a definitive agreement to merge, creating a new telecommunications entity, PT XLSmart Telecom Sejahtera Tbk (XLSmart). The merger, with a pre-synergy combined valuation exceeding US$6.5 billion, marks a pivotal milestone in Indonesia’s telecommunications sector. The […]

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