The wireless telecom industry, particularly in Indonesia, is facing significant consolidation as companies like XL Axiata and Smartfren merge to compete with dominant players like Telkomsel. This trend is driven by the high costs associated with building and maintaining 5G networks, as well as geopolitical concerns regarding foreign influence. The merger between XL Axiata and Smartfren, despite Smartfren’s financial struggles, aims to create a more competitive entity in the market, although the impact on consumers remains uncertain.
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China dismisses Zelenskyy’s claim it has supplied weapons to Russia
Summary China's foreign ministry has labeled Ukrainian President Volodymyr Zelenskyy's claims that China is supplying weapons to Russia as “groundless.” This assertion follows Zelenskyy's allegations that China is providing Russia with military supplies, including gunpowder and artillery, and that Chinese representatives are involved in arms production within Russia. The Chinese government reiterated its commitment to ending the conflict between Russia and Ukraine during a regular press briefing in Beijing. Full Article
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