As soon as it is announced this week, telecommunication companies Tri and Indosat will merge
This news is circulating at the end of 2020, that Indosat and Tri will merge. And the latest news is that the two companies are now in talks for the merger process.
However, from sources as quoted by Telset from Bloomberg Tuesday (12/22/2020), according to information obtained from unnamed sources, the merger agreement between the two companies will involve a number of shares and cash.
Indosat Ooredoo’s majority shareholder, namely Ooredoo QPSC, is in further discussions about a merger plan with Tri, namely the Hong Kong financial company CK Hutchison Holding Ltd
According to sources, negotiations could still be delayed or could even fail. The news about the merger of Indosat and Tri has actually been blowing hard for a long time, this plan has also been conveyed by the president director of Indosat to President Jokowi in early January 2019.
One of the words of Chris Kanter is that consolidating or merging with other cellular operators is a way that can improve Indosat’s position in the Indonesian telecommunications industry.
In terms of number of subscribers, the merger of the two companies will increase valuations and increase assets, especially in terms of network infrastructure. We should wait brad whether the Tri and Indosat merger will be carried out, or is it just a discourse.
Currently, Indosat is known to have 60 million subscribers, while Tri has 38 million subscribers. Combined, the total subscribers owned will be around 98 million. This number is almost closer to the number of Telkomsel users who now number 170 million subscribers. Meanwhile, when compared to XL Axiata has 29 million, and smartfren 29 million.