Global law firm White & Case LLP has advised Ooredoo Group, a leading international telecommunications company, on the merger of PT Indosat Tbk (Indosat Ooredoo), an Indonesian subsidiary of Ooredoo Group, with PT Hutchison 3 Indonesia (H3I), an Indonesian subsidiary of CK Hutchison Holdings Ltd.
"This is a landmark transaction which will contribute to the acceleration of Indonesia's digital transformation, improvement of network performance and customer experience across the country," said White & Case partner and Head of the Mergers & Acquisitions and Private Equity practice group for Southeast Asia, Jonathan Olier, who led the Firm's deal team. "The scale and complexity of this cross-border transaction is a reflection of our team's market leading practice in Singapore and Indonesia."
The merged company will be named PT Indosat Ooredoo Hutchison Tbk. The merger, which has a total transaction value of approximately US$6 billion, will create a larger, commercially stronger and more competitive world-class digital telecoms and internet company, well placed to deliver more value for all stakeholders including shareholders, customers, employees and Indonesia. With Indosat Ooredoo and H3I's combined expertise, infrastructure and services, Indosat Ooredoo Hutchison Tbk is set to become the second largest mobile telecoms company in the country, with an estimated annual revenue of approximately US$3 billion.
The White & Case team which advised on the transaction was led by partner Jonathan Olier (Singapore) and included partners Michiel Visser (New York), Katarzyna Czapracka (Brussels) and Jamie Franklin (Singapore), counsel Si Wei Chua (Singapore) and associates Nicole Mao, Kyle Oh, Joey Lim and Nina Nguyen (all Singapore), as well as lawyers from Witara Cakra Advocates (WCA), White & Case's associated office in Indonesia, including partner Kristo Molina, counsel Rika Rusman and associate Astrid Desmonda (all Jakarta).
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