Indonesian telecommunications firm PT Bakrie Telecom Tbk (BTEL.JK) said it will gain a 6 percent stake in peer PT Smartfren Telecom Tbk (FREN.JK) as part of a network merger deal. Bakrie Telecom will become a minority shareholder in Smartfren, it said in a stock exchange filing late on Wednesday in response to a query from the bourse. In September, Bakrie Telecom and Smartfren said they were in talks over a potential merger of their network operations. Nearly all Bakrie Telecom's creditors approved the company's proposed debt restructuring earlier this month.
Source: http://www.reuters.com/article/2014/12/18/us-bakrie-telecom-smartfren-idUSKBN0JW04T20141218
