JAKARTA -- Qatari communications company Ooredoo and Hong Kong conglomerate CK Hutchison Holdings have agreed to merge their Indonesian telecom businesses in a deal to create the country's second-largest mobile network operator.
Both companies said in a statement Thursday they had signed "definitive transaction agreements for the proposed merger" of Indosat Ooredoo and Hutchison 3 Indonesia. The combined entity will have an estimated annual revenue of about $3 billion, they said.
