Sunday, July 6, 2008

Qtel launches offer for further Indosat shares, studying new regulations

Qatar Telecom (Qtel) has submitted a tender offer to acquire all outstanding 'B' shares of Indosat, following its purchase last month of a 40.8% stake in the Indonesian cellco. The tender offer includes American Depositary Shares, but excludes those held by existing controlling stakeholders, according to online newspaper The Peninsula. [more, telegeography]

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