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Ooredoo, CK Hutchison extend negotiation period to combine Indonesian businesses

Ooredoo, CK Hutchison extend negotiation period to combine Indonesian businesses
Negotiations were extended until 23 September 2021
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OOREDOO
0.30% 673.00 2.00
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Abu Dhabi - Mubasher: National Mobile Telecommunications Company (Ooredoo) and CK Hutchison Holdings Limited (CK Hutchison) have extended the period of exclusivity for the non-legally binding Memorandum of Understanding (MoU) for a possible transaction to combine PT Indosat Tbk (Indosat) and PT Hutchison 3 Indonesia (3 Indonesia).

Both companies have extended the period of negotiations to combine their Indonesian businesses until 23 September 2021, according to a recent bourse filing.

It is noteworthy to mention that in December 2020, Ooredoo and CK Hutchison signed an exclusive and non-legally binding MoU, which was valid until 30 April 2021.