More Indonesian consolidation as Telkomsel merges with IndiHome

Indonesia’s dominant MNO is merging with its dominant ISP but both were already owned by Telkom Indonesia anyway.
Telkom is a communications conglomerate that owns 100% of IndiHome and 65% of Telkomsel, the rest being owned by Singtel. If this move goes through, the combined operations will be 70.4% owned by Telkom but Singltel has committed to buying an extra 0.5% of the combined company, which is valued at $3.9 billion.
“The integration process of broadband services for TelkomGroup