Buoyed by healthy GDP growth and rising consumer confidence, Indonesian M&A has been on a roll in recent years. Southeast Asia’s largest economy has largely evaded macroeconomic.
News The deal with Telkomsel’s parent company Telkom will see the mobile operator merged with Telkom’s wholly owned broadband arm, IndiHome Today, Indonesian wireless operator Telkomsel has announced plans to merge with fixed broadband operator, IndiHome. The deal, worth roughly $3.9 billion, will see Indonesia’s largest mobile operator combined with the country’s largest fixed broadband…
Combining CK Hutchison’s local 3 unit with Ooredoo’s Indosat produces a $6 bln No. 2 player and synergies of $400 mln. If past industry tie-ups in similar markets are a guide, the Hong Kong and Qatari groups’ deal will also lift rivals’ revenue and cut their costs too.