Qatar’s biggest listed telecom company, is eyeing as much as 30 per cent of the market share in Indonesia after completing a merger involving its unit in the country. CK Hutchison Holdings Ltd. and Ooredoo started talks last year to combine their Indonesian wireless phone businesses to fend off competition in Southeast Asia’s biggest market by subscribers. Ooredoo has a 65 per cent stake in PT Indosat, which surged as much as 16 per cent in Jakarta. Indosat managed to be the number two player in Indonesia, with market share around 17 per cent. Indosat is also nearing completion of the sale of 4,000 towers, which analysts expect to happen before the end of the exclusive negotiations for the merger.
Ooredoo is also considering expanding its digital payments and sales segments. Saudi Telecom Co. is in the process of submitting an application for the initial public offering of shares in its internet services unit. STC has also been developing digital payments firm stcPay as it continues to invest in startups through its $500m venture capital arm, STV. Company is looking at consolidating in markets it is already present rather than expanding into new ones. Ooredoo is watching the situation in Myanmar closely, an extremely challenging situation right now with priority being the safety and well-being of employees. Company has an agreement with Ericsson to deploy 5G and Huawei remains a strong partner, with the strategy being to keep a diversified pool of vendors to mitigate any risk.