Axiata Group is understood to be considering its options in the Indonesian market, including the possibility of merging its broadband and mobile services.

Malaysian-based Axiata is thinking about combining its mobile unit XL Axiata and broadband services provider Link Net (First Media), in a deal that would boost synergies, reports Bloomberg.

Other options reportedly on the table include Axiata looking at bringing in minority investors for its infrastructure assets, as it eyes up further growth.

According to Bloomberg, Axiata's Indonesian mobile and broadband businesses have a combined market of $2.1 billion.

The company owns a 76 percent stake in Link Net through its subsidiary Axiata Investments (Indonesia) Sdn, following the acquisition of a 66 percent stake in Link Net earlier this year for $610 million. Axiata Group also owns about 61 percent of XL Axiata through another subsidiary.

XL Axiata has over 52.7 million subscribers and has been listed on the Jakarta Stock Exchange since 2005. The company has a market value of $1.7 trillion.

Meanwhile, broadband provider Link Net, which was founded in 1996, connects over 2.9 million homes in the country.

In its home market, Axiata's mobile unit Celcom Axiata is one of the biggest operators in the country. The company along with three other mobile network operators has just signed up to a ten-year agreement with Malaysia's Digital Nasional Berhad (DNB) to use the government's state-owned 5G network.

In total, Celcom Axiata, Digi Malaysia, Telekom Malaysia, and YTL agreed to take up a share of 65 percent of the agency, with the remaining 35 percent held by the government.