CK Hutchison mulls Indonesian telecom deal with Axiata

Photo by XL Axiata

CK Hutchison Holdings Ltd is weighing a combination of its Indonesian telecommunications business with that of Malaysia’s Axiata Group Bhd, Bloomberg reported on Monday, citing people with knowledge of the matter.

CK Hutchison, the ports-to-telecoms arm of retired billionaire Li Ka-shing’s businesses, informally explored a combination of its Indonesian wireless business with the Malaysian carrier’s Indonesian unit, PT XL Axiata, the report said. The companies have not begun any substantive negotiations, it added.

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