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Ooredoo, CK Hutchison agree on $6 bn merger of Indonesian units

Ooredoo Group and CK Hutchison Holdings Limited on Thursday announced the signing of definitive transaction agreements worth $6 billion for the proposed merger of their respective telecommunications businesses in Indonesia, PT Indosat (Indosat Ooredoo) and PT Hutchison 3 Indonesia (H3I). The merged company will be named PT Indosat Ooredoo Hutchison Tbk (Indosat Ooredoo Hutchison). The merger will bring together two highly complementary businesses to create a larger, commercially stronger and more competitive world-class digital telecoms and internet company, well placed to deliver more value for all shareholders, customers and for Indonesia. page 6