Qatar Telecom examines Indosat takeover
Updated
Qatar Telecom has completed the purchase of a 40 per cent stake in PT Indosat from Asia Mobile Holdings for $US1.8 billion.
The company says it is now examining a full takeover, of Indosat, which under Indonesian law may require a tender offer to acquire the outstanding shares.
Qatari Telecom signed an agreement earlier this month to buy Indosat from Asia Mobile, which is 75-per cent owned by Singapore Technologies Telemedia.
Qatar Telecom is the holder of the remaining 25-per cent stake in Asia Mobile.
