Tri Indonesia and Indosat Ooredoo Will Merger?

Indosat shares have skyrocketed by around 90 percent this year, giving the company a market valuation of around US $ 2.2 billion.

Indonesia’s wireless business accounted for about 23 percent of Ooredoo’s total revenue before interest, tax, depreciation and amortization in 2019 – making it the second largest for the group after the domestic market. According to the latest annual report.

Indosat Ooredoo was recorded to have 60.4 million subscribers at the end of September 2020. Meanwhile, Hutchison Asia Telecommunications, which controls CK Hutch’s telecommunications business in Indonesia, Vietnam and Sri Lanka, has around 48.8 million active subscribers in three countries.

Businesses in Indonesia contributed US $ 510 million, or 87 percent of Hutchison Asia’s total revenue in the first six months of 2020. This is the only Hutch Asia market that posted positive Ebitda.

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