TELECOMMUNICATIONS|16 September, 2021 To create a brand new world-class digital telco for Indonesia
- Landmark telecoms transaction in Asia with a complete transaction worth of roughly US$6 billion
- The transaction will consolidate the merged firm as a stronger second operator in Indonesia with annual income of roughly US$3 billion
- The merger can be useful for all shareholders and prospects and additional speed up Indonesia’s digital transformation
Doha, Qatar, and Hong Kong SAR: Ooredoo Q.P.S.C. (“Ooredoo”) – Ticker: ORDS and CK Hutchison Holdings Restricted (“CK Hutchison”) – Ticker: HK0001 (collectively the “Events”) at this time introduced the signing of definitive transaction agreements for the proposed merger of their respective telecommunications companies in Indonesia, PT Indosat Tbk (“Indosat Ooredoo”) and PT Hutchison 3 Indonesia (“H3I”). The merged firm can be named PT Indosat Ooredoo Hutchison Tbk (“Indosat Ooredoo Hutchison”). The merger of Indosat Ooredoo and H3I will carry collectively two extremely complementary companies to create a bigger, commercially stronger and extra aggressive world-class digital telecoms and web firm, effectively positioned to ship extra worth for all shareholders, prospects and for Indonesia. Indosat Ooredoo Hutchison can be effectively positioned to speed up Indonesia’s financial progress and transformation right into a digital society. Will probably be the second largest cellular telecoms firm within the nation, with an estimated annual income of roughly US$3 billion.
The mixed firm may have the size,» Read more from www.zawya.com