Indonesian Government Permits Qtel to Increase Indosat Stake
Indonesia’s government has made a fairly large change to its policy on foreign ownership of telecoms operators – and is to permit Qatar Telecom (Qtel) to increase its holding in Indosat to 65 percent. Qtel recently paid US$1.8 billion for a 40.8% in the firm, and was seemingly restricted to a 49% stake by Indonesian law.
Qtel paid US$1.8 billion to buy Asia Mobile Holding, which was a holding company for a stake in Indosat. Previously, Qtel held one-quarter of Asia Mobile’s stake, while three-quarters was owned by Singapore Technologies Telemedia. (more…)
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