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CK Hutchison, Axiata in talks to merge Indonesia operations - report

Wednesday 11 September 2019 | 09:39 CET | News
Hong Kong conglomerate CK Hutchison has made a preliminary offer to Axiata Group on the potential combination of their Indonesian telecommunications operations, Bloomberg reports, citing unnamed sources with knowledge of the matter. According to these sources, CK Hutchison informally expressed interest in the merger of its Indonesian wireless business with Axiata's local unit XL Axiata. CK Hutchison and Axiata have not yet started negotiations, the same sources added.

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Categories: Mobile & Wireless
Companies: 3 Indonesia / Axiata / CK Hutchison / Telenor / XL Axiata
Countries: Indonesia
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