Friday 28 November 2008

Qatar Telecom increases offer for PT Indosat Tbk

Qatar Telecom lifted its offer price to raise its stake in PT Indosat Tbk. Qtel is in the process of holding a tender offer for Indosat shares up to its maximum allowed limit.

Indonesia limits foreign ownership in the telecommunication sector, to a maximum of 65 percent for mobile phone operators and 49 percent for fixed-line operators.

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