• Most Popular
  • Most Shared

Qtel eyes remainder of Indonesia telco stock

Thu Jun 26, 2008 7:36am EDT

Stocks

   

DUBAI, June 26 (Reuters) - Qatar Telecommunications Co QTEL.QA said on Thursday it will offer to buy all outstanding stock of Indonesia's second-largest mobile operator PT Indosat (ISAT.JK).

"Qatar Telecom announces its plan to conduct a tender offer, to acquire all of the outstanding series B common shares, including the series B shares represented by American depositary shares of PT Indosat Tbk," Qtel said in a statement on the Doha bourse website.

Qtel completed the acquisition of a 40.8 percent stake in Indonesia's PT Indosat Tbk last week. (Reporting by John Irish; Editing by Firouz Sedarat)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets