Jakarta - Qatar Telecom ( Qtel) progressively setle to do the public tender offer share of PT Indosat Tbk ( ISAT) after government enable the Qtel needn't do the spin of off or unit dissociation of is effort PT Indosat Tbk which is active in fixed lino Qtel estimate all preparation for the tender of offer unrightiously is regulator market will be finished in the early January 2009
Tender Offer co-ordinated in market of Indonesia and New York will be executed do not be old afterwards at the price of offer to each;every Break even Share of B specified at Rp 7.388
" Happy us can pass off the tender offer with the integrated effort unit perfection of Indosat awaked. This place the Indosat in good position to compete aggresively in the future. Now we me feel assure and balmy to pay for the price of tender offer Rp7.388 of per sheet which have been agreed the," word of Chief of Qtel Group and President of Commissary of Indosat H.E. Sheikh Abdullah Bin Mohammed Bin Saud Al Thani in mass media broadcast, Thursday ( 25/12/2008
Government have agreed to enable the Qtel own till 65% share in Indosat, and also eliminate the previous conditions obliging Indosat dissociate the unit of is effort permanence network to an separate company
Qtel also surely that is last growth representing positive reflection for climate of Indonesia invesment, especially in a state of difficult world market in this time
" This will improve the storey;level of investor belief to system and climate of is effort in Indonesia. we do not doubt of that this matter will assist to overdraw a lot of invesment to Indonesia, what in the end will grow and bring the benefit to be
economic and Indonesian nation," word of Sheikh Abdullah
Qtel buy the share own STT in Indosat as much 40,8% at price US$ 1,8 milliard of at June 2008. Qtel hereinafter do the tender offer for rest of public share equal to 24,2% till the ownership of share Qtel in maximal Indosat become 65%.(ir / ir )
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