JAKARTA, April 25 — Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a US$3.5 billion entity, Bloomberg News reported, citing people familiar with the matter.

KUALA LUMPUR, July 30 — Axiata Group Bhd and its 66.48 per cent subsidiary PT XL Axiata Tbk has entered into a non-binding term sheet for the proposed acquisition of approximately 66.03 per cent of Indonesia's PT Link Net Tbk (Link Net).