Jakarta limits Qtel Indosat ownership to 65%

27 Oct 2008

Indonesia’s Ministry for Communications today announced it intends to limit Qatar Telecom’s (Qtel’s) ownership of the country’s second largest telecoms group Indosat to 65%. The decision comes, writes Reuters, as Qtel prepares to conduct a tender offer for the rest of Indosat’s shares after increasing its control over the Indonesian company to 40.8% earlier this year in a USD1.35-billion deal.

Indonesia, Indosat Ooredoo (incl. IM2), Ooredoo Qatar