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4-Traders Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Huawei Technology Co Ltd    002502   CNE100000WQ5

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Huawei Technologies May Acquire Bakrie Telecom

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05/03/2016 | 09:26pm CEST
Deal Type: Acquisition
Deal Sub Type: Minority Acquisition
Deal Status: Rumor
Deal Value: 98.4000 USD

Deal in Brief

Huawei Technologies Co., Ltd., a Chinese networking and telecommunications equipment and services company, is planning to acquire 9% stake in PT Bakrie Telecom Tbk, an Indonesian provider of wireless telephone services, for a consideration of approximatelyIDR1.23 trillion (USD98.4 million) from PT Wijaya Karya (Persero) Tbk, according to Dealstreetasia. Wijaya Karya is an Indonesian manufacturer of building materials and construction services provider. As part of the transaction, Huawei Technologies will acquire 9% stake in Bakrie Telecom (BTel) through a bond conversion. Following the transaction, Huawei Technologies will hold 9% stake in Bakrie Telecom.

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Index - Devices and Peripherals
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(c) 2016 World Market Intelligence. All rights reserved. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. World Market Intelligence shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon., source WMI Deals

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