People seen outside the headquarters of CK Hutchison in Hong Kong. Photo: AFP
People seen outside the headquarters of CK Hutchison in Hong Kong. Photo: AFP

CK Hutchison to merge Indonesian wireless business with Ooredoo’s PT Indosat in US$6.1 billion deal

  • Combined mobile business will have US$3 billion in estimated annual revenue, generate up to US$400 million annual cost savings
  • Deal will allow combined operations to better compete with Indonesia’s dominant carrier Telkomsel

Topic |   Banking & finance
People seen outside the headquarters of CK Hutchison in Hong Kong. Photo: AFP
People seen outside the headquarters of CK Hutchison in Hong Kong. Photo: AFP
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