Smartfren Opens to Consolidation
THE news about the planned telecommunication industrial consolidation was again widespread early last week along with the burgeoning stocks of Smartfren Telecom (FREN) up to 264.56 percent throughout the year. The sharp rise was connected with the rumored plan for the merger of the corporation with XL Axiata (EXCL) or with Indosat (ISAT). The Indonesia Stock Exchange suspended FREN’s stock trading on February 15-18.
FREN CEO Merza Fachys s...