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Qatar Telecom to acquire Indosat stake from Temasek unit.(QATAR)
- Article from:
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Africa & The Middle East Telecom
- Article date:
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May 1, 2008
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Singapore Technologies Telemedia (STT), a unit of Singapore's state investment company Temasek Holdings, has agreed to sell its entire stake in PT Indosat, Indonesia's second-largest mobile operator, to Qatar Telecom (Qtel), in a deal worth of US$1.8 billion.
The deal may end the ongoing legal battle between the Temasek group and Indonesia's antitrust regulators.
The deal will enable Qtel to increase its exposure to the fast-growing Indonesian mobile market. The financial injection and experience of Qtar will benefit Indosat in growing its businesses.
STT and Qtel announced that their jointly held subsidiary, Asia Mobile Holdings (AMH), will sell its entire 40.8% ...