Saturday, August 30, 2008

Bakrie Group targeted 25% Indosat shares

Following the scheme of Qatar Telecom Q.S.C. (Qtel) to acquire some 85.71 percent of PT Indosat Tbk shares stumbled on the negative list of investment, Bakrie Group targeted to acquire 25 percent of the second largest cellular operator in Indonesia.
The acquisition of Indosat could be done through tender offer or shares collection from market. But, there is no internal deal yet in Bakrie Group on the acquisition and funding scheme here.
Bakrie Group plans to make synergy with Indosat through its subsidiary company on code division multiple access (CDMA) cellular based, PT Bakrie Telecom Tbk can reach the areas of Indosat service.

No comments: