Ck Hutchison And Ooredoo Indonesian Merger To Create Indosat Ooredoo Hutchison
Estimated revenue of the entity made up of Indosat Ooredoo and Hutchison 3 Indonesia (H3I) is slated to be around $3 billion. Annual savings from the merger are expected to amount to $300 million to $400 million as they are realised over the next three to five years. Ooredoo Group has a 65% interest in Indosat Ooredoo through its Ooredoo Asia holding company. CK Hutchison will get half of Ooredoo Asia by swapping its stake in the merged entity for 33% of shares, and ploughing $387 million into the Asia business for the remaining 16....