Ooredoo Group and CK Hutchison Extend Exclusivity Period
Aug 16, 2021
**Ooredoo and CK Hutchison Holdings Limited (“CK Hutchison”) (together the “Parties”) have agreed to extend the period of exclusivity for the non-legally binding Memorandum of Understanding in relation to a possible transaction to combine PT Indosat Tbk (“Indosat”) and PT Hutchison 3 Indonesia (“3 Indonesia”), until 23 September 2021.
Ooredoo is an international communications company operating across the Middle East, North Africa and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers the leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.
Ooredoo generated revenues of QAR 30 billion as of 31 December 2019. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.
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