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Qatar Telecom's plan to buy Indosat against ruling

Mon Jun 9, 2008 2:38am EDT

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JAKARTA, June 9 (Reuters) - Qatar Telecom's QTEL.QA plan to increase its stake in Indonesia's second-largest mobile phone operator, PT Indosat Tbk (ISAT.JK), contravened an Indonesian court ruling, the country's anti-trust body said on Monday.

Earlier on Monday, Indonesia's State Enterprises Minister, Sofyan Djalil, told reporters the government will not stand in the way of the Middle Eastern investor, which said over the weekend it plans to increase its holding in Indosat to 40.8 percent. (Reporting by Nury Sybli, editing by Sugita Katyal)



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