Media

Official press releases, also news summary about the company

Latest Press Release

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Press Release Thursday, 27 May 2022

Actualizing World-Class Digital Talents, Indosat Ooredoo Hutchison Launches IDCamp 2022

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Press Release Wednesday, 18 May 2022

IDCamp Acknowledged at Global Stage, Winning PR Awards 2022

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Press Release Friday, 13 May 2022

Enjoy a 30-Days Free Trial of Prime Video Mobile Edition with IM3

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Press Release Wednesday, 11 May 2022

Tri Presents the Latest Digital Innovations to Meet Customer Insurance Needs with Bima Asuransi Services

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Latest Blog

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Blog Tuesday, 24 May 2022

Integration - The Joy in Every Step We Take

When change is the only constant, what do we do? Do we take it head-on or shy away from it?

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Frequently Asked Question

  • It was announced that PT. Indosat Tbk’s (“Indosat Ooredoo”) shareholders voted to approve the proposed merger between Indosat Ooredoo and PT. Hutchison 3 Indonesia (“H3I”) at an Extraordinary General Meeting of Shareholder (EGMS). The merged entity will remain PT Indosat Tbk.
  • The shareholders also approved the appointment of Vikram Sinha and Nicky Lee as CEO and CFO respectively of Indosat Ooredoo Hutchison. Current CEO Ahmad Al-Neama will be stepping down from his role and joining the Board of Commissioners from December 28, 2021.
  • The shareholders also voted in favor of the changes to the composition of the Board of Commissioner and Board of Directors of Indosat Ooredoo Hutchison as a result of the merger.
  • Upon closing H3I will merge into Indosat to create a single company called Indosat Ooredoo Hutchison that will remain listed on the IDX as PT Indosat Tbk.
  • Ooredoo currently has a 65.0% shareholding in Indosat Ooredoo through Ooredoo Asia, a wholly-owned holding company. Concurrent with the merger, CK Hutchison will transfer its new shares in Indosat Ooredoo Hutchison to Ooredoo Asia and will subscribe additional shares from Ooredoo Asia.
  • Upon closing of the transactions, Indosat Ooredoo Hutchison will be jointly controlled by Ooredoo Group and CK Hutchison and each party will own 50.0% of Ooredoo Asia, which will be renamed Ooredoo Hutchison Asia and will
  • retain a controlling 65.6% ownership stake in the merged entity.
  • The combined company will be the 2nd largest telecom operator in Indonesia with approximately 100 million customers.
  • The merger is still subject to conditions including relevant regulatory approvals.

Combined pre synergy implied enterprise value is around US$6.0bn1

1 Assumed FX (USD / IDR) of 14,785; Valuation as of 31 Mar 2021 based on the Independent Valuation Reports for Indosat Ooredoo and H3I and actual balance sheet as of 31 March 2021 for both companies.

  • Greater financial strength to support improvements in Indonesia’s telecom network.
  • More competitive with the scale and expertise to drive innovation, product and services improvements that will enable the delivery of outstanding digital services to customers across Indonesia.
  • Combining networks and spectrum of Indosat and H3I will improve 4G network coverage and capacity to provide faster internet speeds for customers.
  • Increased resources to invest in innovation and the acceleration of new digital products and services that empower customers’ digital lives.
  • Better equipped with financial resources to invest in 5G .
  • New opportunities and improved career prospects for employees who will be part of a larger, stronger world-class digital telco.
  • Accretive transaction for shareholders and other stakeholders alike.
  • The combined company will be jointly controlled by Ooredoo Group and CK Hutchison.
  • Ooredoo Group and CK Hutchison will jointly control a 50:50 JV company that will own 65.6% of the shares of the combined company.
  • The Government of Indonesia will continue to own a 9.6% share of the company. Its shareholding will be diluted but it will continue to have voting rights on the BOC.
  • The combined company will continue to be listed on IDX and the public and other minority investors will continue to own shares.

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