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Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a $3.5 billion entity, Bloomberg News...
Telco Merger: A non-binding agreement may be reached in the coming months, allowing the companies to continue negotiations and carry out due diligence, the report said, adding that there was no guarantee that a deal would go through.
The companies plan to merge their Indonesian units, PT XL Axiata and PT Smartfren.
Mortgage rates are on the rise, again topping 7% for a 30-year fixed-rate home loan.
Abandoned property deals have driven investment volumes in the London office market down in the first quarter of the year,