Ooredoo scotches sale rumours over Indonesian mobile business

21 Sep 2016

Qatar-based Ooredoo Group has moved quickly to dispel rumours it is considering the sale of all or part of its stake in Indonesian subsidiary Indosat Ooredoo, issuing a statement confirming that Indonesia is its ‘biggest international market and is strategically important to Ooredoo’s corporate strategy given its long-term growth prospects’. Ooredoo’s announcement follows media speculation that it was considering a sale of its 65% holding to focus on more profitable Middle Eastern markets, leaving the way clear for another company willing to expand in the region.

Indonesia, Indosat Ooredoo Hutchison (IOH), Ooredoo Group