Deals
Hutchison Weighs Indonesia Mobile Combination With Axiata
- Hong Kong tycoon Li expresses interest in deal with XL Axiata
- Axiata ended talks last week to merge with Telenor’s Asia arm
Photographer: Charles Pertwee/Bloomberg
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CK Hutchison Holdings Ltd., the Hong Kong conglomerate backed by tycoon Victor Li, has made a preliminary approach to Axiata Group Bhd. about a potential combination of their Indonesian telecommunications operations, people with knowledge of the matter said.
CK Hutchison informally expressed interest in exploring a combination of its Indonesian wireless business with the Malaysian carrier’s local unit, PT XL Axiata, the people said. The parties haven’t yet started any substantive negotiations, according to the people, who asked not to be identified because the information is private.