Billionaire Widjaja family merges Indonesian telecoms businesses with Axiata in $6.5 billion deal
Axiata is headquartered in Kuala Lumpur. © 2021 Bloomberg Finance, Inc. Smartfren Telecom, controlled by Sinar Mas, the investment company of billionaire Widjaja family, and Malaysia's Axiata Group have agreed to merge their telecoms businesses in Indonesia in a deal worth 104 trillion rupees ($6.5 billion). Under the agreement, Smartfren Telecom and its subsidiary
