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Indonesia's No. 2 telecom emerges in Qatar-Hong Kong deal

September 17, 2021
Source: nikkei.com nikkei.com
News Snapshot:
Commuters in Jakarta: Ooredoo and CK Hutchison seek greater scale for their Indonesia wireless carrier. © Reuters SHOTARO TANI, Nikkei staff writer September 17, 2021 01:36 JST | Indonesia Copy Copied JAKARTA -- Qatari communications company Ooredoo and Hong Kong conglomerate CK Hutchison Holdings have agreed to merge their Indonesian telecom businesses in a deal to create the country's second-largest mobile network operator. Both companies said in a statement Thursday they had signed "definitive transaction agreements for the proposed merger" of Indosat Ooredoo and Hutchison 3 Indonesia. The combined entity will have an estimated annual revenue of about $3 billion,...
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Tags: ASIA | broadband | carrier | communication | communications | Covid-19 | customer | data | digital | government | Hong Kong | Hutchison | Indonesia | information technology | infrastructure | Internet | investment | Jakarta | KONG | mobile | Pandemic | revenue | stock exchange | technology | Wireless

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