* Shares bounces in relief rally (Adds analysis, quotes, stocks on the move)
JAKARTA, Dec 18 - Indonesian telecommunications firm PT Bakrie Telecom Tbk said it will gain a 6 percent stake in peer PT Smartfren Telecom Tbk as part of a network merger deal.
CALGARY, Alberta, Dec 17 - Imperial Oil Ltd's plans to drill for oil in the Beaufort Sea in Canada's Arctic have not changed despite the recent slide in oil prices, spokesman Pius Rolheiser said on Wednesday.
PRAGUE, Dec 17 - Shareholders in O2 Czech Republic on Wednesday approved extending a loan of up to 24.8 billion crowns ($1.1 billion) to the telecom company's majority owner PPF, the investment group of the wealthiest Czech, Petr Kellner.
LONDON, Dec 17 - IBM aims to expand the number of data centres it offers clients around the world by 25 percent to meet fast-rising demand for internet-based services, after what a company executive said has been a "breakthrough year" in 2014 for its cloud computing business.
Reuters Market Eye - The BSE Sensex and Nifty rose on Thursday, helped by the cabinet’s approval of a bill on a nationwide goods and services tax (GST) and tracking a rally in Asian peers.