Victory for Qtel on Indosat stake
QTEL will be able to keep its 40.8% controlling stake in Indonesia’s Indosat.
This follows the Indonesian Supreme Court ruling that the legal challenge before it in respect of Qtel’s ownership in Indosat has ended.
Qtel chairman Sheikh Abdullah bin Mohamed bin Saud al-Thani welcomed the court decision.
“Our controlling stake in Indosat is a key part of our group expansion plans and we are pleased that the Supreme Court’s decision removes the District Court’s order, and allows us to keep the shares we had acquired in June,” he said. [more, gulf times]
This follows the Indonesian Supreme Court ruling that the legal challenge before it in respect of Qtel’s ownership in Indosat has ended.
Qtel chairman Sheikh Abdullah bin Mohamed bin Saud al-Thani welcomed the court decision.
“Our controlling stake in Indosat is a key part of our group expansion plans and we are pleased that the Supreme Court’s decision removes the District Court’s order, and allows us to keep the shares we had acquired in June,” he said. [more, gulf times]
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