CK Hutchison Holdings is nearing a deal with Qatar’s Ooredoo QPSC about a combination of their telecommunications operations in Southeast Asia’s most populous country, according to people with knowledge of the matter, Bloomberg reports. CK Hutch is in advanced talks to merge its Indonesian telecom business with Ooredoo’s PT Indosat, the people said. A deal would involve a cash-and-stock offer, said the people, who asked not to be identified as the discussions are private. The exact structure of any potential deal in Indonesia hasn’t been finalized, while negotiations could still be delayed or even fall apart, the people said. Representatives for CK Hutch and Ooredoo didn’t immediately respond to requests for comment.

Source: The Standard December 22, 2020 03:00 UTC