Qatar-based global communications company Ooredoo QPSC and Hong Kong-based multinational conglomerate CK Hutchison Holdings Limited signed an agreement to merge their Indonesian businesses: Indosat Ooredoo (which is publicly listed on the Indonesia Stock Exchange or IDX under ticker code ISAT) and Hutchison 3 Indonesia (known for its brand Tri); a deal that is valued at USD $6 billion.

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In recent years, the telecommunication sector of Indonesia has been a tough arena for mobile phone operators. In terms of voice services, the once highly prospective industry has become more and more saturated over the years. Amid fierce competition tariffs for mobile phone services have been brought down significantly, while a new group of subscribers (from the poorer segments of society) have limited spending capacity. However, with the introduction of the increasingly popular smartphone, there is still room for growth.

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