Indonesia’s Bakrie eyes 15 pct Indosat stake-sources
JAKARTA/DUBAI, June 26 (Reuters) – Indonesia‘s Bakrie group plans to buy a 10-15 percent stake in PT Indosat Tbk ISAT.JK, the country’s second-largest mobile phone firm, in the open market, sources familiar with the deal said.
The plan comes as Qatar Telecom (Qtel) QTEL.QA, which this month increased its stake in Indosat to 40.8 percent, confirmed that it would offer to buy the remaining shares in Indosat at 7,388 rupiah apiece, or a total of $2.6 billion.
Bakrie executives recently told investors that the firm planned to buy 10-15 percent of Indosat in the open market and hoped to increase its stake, sources said. One of the sources close to the group said the plan was at an early stage. <more, reuters>;
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