Indonesia's Indosat Ooredoo Hutchison (IOH) is set to begin a process to sell a minority stake in its fibre business as early as March, in a deal that could value the asset at over $1 billion, said two people with knowledge of the matter. The sale would come after IOH received interest from global infrastructure and financial investors as well as strategic firms keen to partner with the company to further expand its fibre optic telecommunications business, one of the people said. IOH has hired Citigroup to run the sale, said both people, declining to be identified as the matter was private.
CK Hutchison Holdings, one of the two flagship companies of Hong Kong's richest man, Li Ka-shing, has terminated a plan to form a new Italian telecoms company with Swedish private equity firm EQT Infrastructure, 10 months after its announcement. The Hong Kong conglomerate had planned to transfer its network equipment and wholesale mobile and fixed communications services business in its Italian mobile business Wind Tre to EQT Infrastructure. However, the deal fell through as "the conditions prec
Vodafone has said it is cooperating with a national security review into its planned £15bn merger with Chinese-owned rival Three.