Qtel limited to 49% of Indosat

28 Jul 2008

Indonesia’s Capital Market and Financial Institution Supervisory Board has confirmed that Qatar Telecom (Qtel) will be permitted to acquire no more than a 49% stake in Indosat. The Middle Eastern investor already owns 40.8% of the company, meaning that it may buy no more than an additional 8.2% stake.

Indonesia, Indosat Ooredoo Hutchison (IOH), Ooredoo Qatar