CK Hutch said to mull Indonesia mobile combination with Axiata

CK Hutchison Holdings Ltd is a Hong Kong conglomerate backed by tycoon Victor Li.

KUALA LUMPUR: 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.