Merger XLSmart Masih Membutuhkan Restu dari Jajaran Direksi ke Komdigi

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Berputar.id Axiata Group Berhad and Sinar Mas have announced the proposed board of directors for PT XLSmart Telecom Sejahtera Tbk, the new entity resulting from the merger of XL Axiata and Smartfren. This announcement is a significant step in creating a world-class telecommunications company, pending approval from the government and shareholders.

Key Appointments:

• CEO: Rajeev Sethi, who previously served as CEO of Robi Axiata in Bangladesh, will lead XLSmart. He brings extensive telecommunications experience to the role.
• CFO: Antony Susilo
• CTO: Shurish Subbamaniam
• CCO: David Arcelus Oses
• CRO: Merza Fachys
• CIO: Yessy D. Yosetya
• Director of Enterprises and Strategic Relationships: Adrijanto Muljono
• Director of Strategy and Home: Feiruz Ikhwan
• CHRO: Jeremiah Ratadhi

Vivek Sood, Group CEO of Axiata, expressed confidence that the new board, primarily composed of experienced members from existing teams, is well-positioned to enhance service quality and deliver innovative solutions to a growing customer base. Franky Oesman Widjaja, Chairman of Sinar Mas Telecommunications and Technology, emphasized the board’s experience and vision as crucial for navigating the transition period amid competitive market conditions.The merger is projected to create a robust entity with approximately 94.5 million mobile subscribers and a market share of 27%. XLSmart aims to achieve significant cost synergies estimated between USD 300 million to USD 400 million annually post-integration, enhancing its competitive position against major players like Telkomsel and Indosat.The merger agreement was signed in December 2024, with completion expected in mid-2025, subject to regulatory approvals. Upon finalization, Axiata will receive a total cash payment of up to USD 475 million for its stake in XLSmart

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