PT Smartfren Telecom Tbk (FREN) and PT Bakrie Telecom Tbk (BTEL) have proposed to the ministry of information and communication to share the 800 MHz radio frequency spectrum, which could lead into the merger of both entities, Bisnis Indonesia reported this morning. Bloomberg, meanwhile, reported few hours ago that BTEL and affiliates were sused in New York state court by investors, who claim the company breached its contract involving a $380 million bond issue.

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