Business | Telecoms

QTel earns reprieve in Indonesia

Indonesia may not force Qatar Telecom (QTel), which earlier this month bought 40.8 per cent of Indosat, to buy all remaining shares in the telecommunications company, the nation's regulator said.

  • Bloomberg
  • Published: 00:06 June 15, 2008
  • Gulf News

Jakarta: Indonesia may not force Qatar Telecom (QTel), which earlier this month bought 40.8 per cent of Indosat, to buy all remaining shares in the telecommunications company, the nation's regulator said.

Indonesia may change a rule that requires investors who buy 25 per cent of a publicly traded company to make an offer for all remaining shares, said Ahmad Fuad Rahmany, chairman of the Capital Market and Financial Institution Supervisory Agency.

Qatar Telecom may buy more Indosat shares in a tender offer, the Bisnis Indonesia newspaper reported yesterday, citing Rahmany.

It will not acquire all remaining shares because of a presidential rule that limits foreign ownership of telephone companies.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Telecoms

  1. UAE urged to invest in broadband

  2. Etisalat, Manchester City in sponsorship deal

  3. Keep talking: Telecom war between du, etisalat

  4. AT&T sues Verizon over 'map for that' ads

All articles in Telecoms

More from Business

Gulf News
Popular in Business
Way to go this DSF
XPRESS

Way to go this DSF

A fun-filled route to guide you to all the happening dos in town

Business Editor's choice