Ooredoo, CK Hutchison $6bn merger gains positive market response: Sheikh Mohammed

Doha: Ooredoo Group and CK Hutchison’s $6bn merger to form Indonesia’s second-largest mobile telecoms company Indosat Ooredoo Hutchison has been gaining positive response from the market and financial analysts following the announcement of the landmark telecoms transaction recently, Sheikh Mohammed bin Abdulla Al Thani, Deputy Group CEO at Ooredoo said yesterday. 

Addressing a press conference, Sheikh Mohammed said the transaction was indeed positive for Ooredoo and strengthens the Group’s market position. He went on to reiterate a Reuters report saying the transaction is ‘placed to deliver a higher return on investment for all shareholders’. 

“Reuters Breakingviews describes it as ‘could be one of those rare deals where everyone wins something’. This transaction is indeed positive for Ooredoo and strengthens the Group’s market position. We believe this merger will deliver great benefits for Ooredoo Group and Indosat Ooredoo shareholders, customers, employees, and for Indonesia,” he added.