Shares of cellular operator XL Axiata (EXCL) lost 4.6% to Rp2,280 on Wednesday (March 27), valued at Rp31.1 trillion, with sentiment undermined by the development on the consolidation or merger with Smartfren Telecom (FREN) which was traded flat at Rp50 yesterday, valued at Rp16.77 trillion.To subscribe please click here
