|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||0.4300 - 0.4300|
|52-week range||0.3500 - 0.5850|
|Beta (5Y monthly)||1.98|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.06 (13.38%)|
|Ex-dividend date||07 Dec 2021|
|1y target est||N/A|
The three-year comprehensive deal will enable Nokia (NOK) to supply essential telecommunication equipment as the principal vendor of Indosat.
Indonesia on Tuesday approved a $6 billion merger of telco units of Qatar's Ooredoo and Hong Kong's CK Hutchison and set a deadline of 2025 for the merged entity to ramp up its services, its communication minister said. CK Hutchison Holdings and Ooredoo announced in September the deal, which will make the merged entity, Indosat Ooredoo Hutchison, the country's second biggest telecoms company after state-backed Telkomsel. After the merger, Indosat must increase its tower sites by at least 11,400 by 2025 and expand its cellular services to cover a minimum of 7,660 more villages or districts by 2025, minister Johny G. Plate said in a news conference.
Nokia's (NOK) deal with Indosat will enable the carrier to offer commercial 5G services across the region and work collaboratively to deploy premium digital services in the near future.