The Facts Behind the Merger of XL Axiata and Smartfren, What Will Happen?

Kapanlagi.com - The Indonesian telecommunications industry is once again shaken by shocking news: two giants, XL Axiata and Smartfren, have officially merged in a grand merger! Now, they have given birth to a new entity called XL Smart, with a fantastic valuation reaching Rp104 trillion. However, behind this major step, many questions arise regarding the future of the employees and customers of both companies.

The Business Competition Supervisory Commission (KPPU) has approved this merger, but they also remind XL Axiata and Smartfren not to overlook the potential impacts on their loyal employees and customers.

So, what will happen to them after this merger? Will we witness massive layoffs or significant changes in the services that customers have enjoyed so far?

1. Merger Agreement Reached

XL Axiata and Smartfren have just announced exciting news: they are officially merging in a merger agreement that will create a larger and more resilient telecommunications entity.

This strategic move is expected to enhance efficiency and competitiveness in the increasingly competitive Indonesian telecommunications market.

Dian Siswarini, President Director & CEO of XL Axiata, emphasized that this collaboration will combine the resources and infrastructure of both companies, allowing XL Smart to deliver more innovative and high-quality services to loyal customers.

2. Merger Valuation Reaches Rp104 Trillion

The grand merger between XL Axiata and Smartfren is estimated to be worth Rp104 trillion, making it one of the largest transactions in the history of Indonesian telecommunications.

This extraordinary figure reflects market confidence in the bright growth potential of XL Smart in the future.

After the merger, Axiata Investments (Indonesia) Sdn Bhd and Smart Telecom will control the majority of shares in XL Smart, while public ownership is expected to be only about 13%.

3. The Fate of Employees Post-Merger

One important issue that arises after the merger is the future of employees from both companies. Will there be mass layoffs? XL Axiata and Smartfren have emphasized that they will prioritize employees in the integration process.

Observers argue that the companies may take efficiency measures that could result in a reduction in the number of employees, especially in overlapping positions.

4. Impact of the Merger on Customers

After the shocking merger, one question lingers in the minds of many: what will happen to the employees of XL Axiata and Smartfren?

Although both companies are committed to prioritizing employees in the integration process, the shadow of mass layoffs still raises concerns.

Observers predict that efficiency measures will be taken, which may lead to a reduction in the number of employees in overlapping positions. Be prepared, as the future of employees now stands at a crossroads filled with uncertainty.

5. Will the merger of XL and Smartfren increase internet package prices?

The fate of customers is the main focus in the merger between XL Axiata and Smartfren, which is committed not only to maintaining but also to improving service quality.

With hopes of expanding network coverage and offering more attractive service innovations, customers are now faced with a number of pressing questions.

Will rates or data packages change? And what about the migration to the new network? All these questions remain unanswered, awaiting the much-anticipated explanation from XL Smart.

6. How to find out the latest information about the XL and Smartfren merger?

As of now, there has been no official statement regarding changes in internet package prices following the merger between XL Axiata and Smartfren.

7. Will there be a change in brand name after the merger?

Stay connected with the latest news about the merger of XL and Smartfren! You can get the latest information through the official websites of both companies, explore their social media, or follow the latest reports in various news outlets.

8. When will the XL and Smartfren merger be completed?

Both companies are ready to step into a new era with a fresh and vibrant name: XL Smart.

9. When will the XL and Smartfren merger be completed?

The merger process is predicted to reach its final point by the end of 2024, marking a new chapter full of hope and potential for the two united entities.

(kpl/rmt)