Qtel poised to hold Indosat tender offer on 16 January, reports say

9 Jan 2009

Qatar Telecom (Qtel) could hold a tender offer for shares in Indonesia’s second largest telecoms firm by revenues and subscribers, PT Indosat, as it looks to increase its holding to a maximum 65%, Reuters reports citing a statement from the country’ capital market regulator Bapepam. ‘Today Qtel has just registered its statement for a tender offer. The tender offer might be held on 16 January,’ said Bapepam chairman Fuad Rahmany, adding that the offer might inject around USD732 million of liquidity into the market.

Indonesia, Indosat Ooredoo Hutchison (IOH), Ooredoo Group