Wednesday, June 11, 2008

Qtel Promises to Obey Supreme Court's Ruling

Qatar Telecom QSC (Qtel) ensures it will obey the Supreme Court's ruling on the acquisition of a 40.8% stake in PT Indosat from Asia Mobile Holding Pte Ltd (AMH) for US$1.8 billion (IDR16.74 trillion).
The company is also going to hold a tender offer in early July following the plan to complete the acquisition of a 40.8% stake in PT Indosat Tbk from AMH by the end of this month.
Chairperson of Qtel Sheikh Abdullah Al-Thani said the company would finalize the acquisition of Indosat's shares by the end of the month. After that, he continued, the company would hold a tender offer.

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