Sinar Mas to acquire Mobile-8 from Bimantara

Sinar Mas Group, a company owned by Indonesian Wijaya Family, is in negotiation with PT Bimantara Citra Tbk to acquire cellular operator Mobile-8.
Sinar Mas plans to merge Mobile-8 with its own cellular company PT Wireless Indonesia (Win). The recent development would scrap Bimantara's plan to offer Mobile-8 shares to public investors. Bimantara owned 76% shares of Mobile-8.

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