0
Wireless

CK Hutchison, Ooredoo extend negotiations on merger of Indonesian units

Thursday 1 July 2021 | 08:40 CET | News
Hong Kong's CK Hutchison has agreed with Ooredoo to extend the period to pursue negotiations on a potential transaction to combine their local subsidiaries Hutchison 3 Indonesia and Indosat, on an exclusive basis, until 16 August. CK Hutchison reports that, while substantial progress has been made and substantive agreement has been reached on a number of key commercial issues, additional time is needed by the parties to finalise definitive agreements and, once finalised, to seek their respective internal corporate approvals.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: 3 Indonesia / Axiata / Indosat / Ooredoo / SmartFren / Telkomsel / XL Axiata
Countries: Indonesia
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Ooredoo, CK Hutchison sign USD 6 billion merger of Indonesian mobile operators

Published 16 Sep 2021 15:44 CET | Indonesia
CK Hutchison and Ooredoo have signed the agreement to merge their businesses in Indonesia. The merged company, bringing together ...

Experian, 3 Indonesia to provide telco-backed real-time data insights for lenders

Published 10 Sep 2021 08:22 CET | Indonesia
Experian has signed a partnership agreement with Indonesian operator Hutchison 3 Indonesia (3 Indonesia). The collaboration sees ...

CK Hutchison, Ooredoo extend talks on merger of Indonesian telecom businesses

Published 16 Aug 2021 16:21 CET | Indonesia
CK Hutchison said it has agreed with Ooredooto to extend the period of negotiations on the potential transaction to combine PT ...

XL Axiata's Q2 revenue, EBITDA grows 8%

Published 07 Aug 2021 15:59 CET | Indonesia
Indonesian operator XL Axiata reports it has returned to growth in the second quarter of 2021. XL Axiata's total revenue ...

CK Hutchison, Ooredoo to extend merger negotiations in Indonesia until 30 June

Published 29 Apr 2021 09:42 CET | Indonesia | Update: 29 Apr 2021 09:59 CET
CK Hutchison has agreed with Ooredoo to extend the period of negotiations on a potential transaction to combine their respective ...

Telkomsel, Smartfren secure 2.3 GHz spectrum in Indonesia

Published 28 Apr 2021 07:11 CET | Indonesia
Indonesia's Ministry of Communication and Information Technology has announced winners of its 2.3 GHz spectrum auction. The ...

Ooredoo eyes up to 30% of Indonesian market after merger with Tri

Published 22 Mar 2021 11:35 CET | Indonesia
Ooredoo Group is eyeing up to a 30 percent market share in Indonesia once it merges its unit in the country with rival Tri, ...

Ooredoo, CK Hutchison start talks on merger of Indosat, 3 Indonesia

Published 29 Dec 2020 08:54 CET | Indonesia
Ooredoo and CK Hutchison have agreed to merge their mobile operators in Indonesia, namely Indosat and Hutchison 3 Indonesia. The ...