Qatar Telecom, Temasek's shield for Indosat
I thought the Russians who got the shares. "No. Russia may have the money thanks to energy bonanza. But Temasek needs social & political protection for Indosat. Better to have someone from Middle East if Temasek needs shield for Indosat. Qatar Telecom fit with the requirement. With 25%, nothing they could do. Temasek still control Indosat and get the protection it wanted," an analyst said. What's the rationale?
Qatar Telecom acquired 25% shares of Asia Mobile Holdings, STT Telemedia (Temasek's subsidiary) controls the remaining 75%. Asia Mobile owns 41% shares of Indosat.
"Well, some government officials including VP Jusuf Kalla & SOE Minister Sugiharto raised the issue of buyback Indosat. But with Qatar Telecom as indirect shareholder of Indosat, the issue will die out," the analyst said.
What do you mean actually?
READ MORE!!!
Qatar Telecom acquired 25% shares of Asia Mobile Holdings, STT Telemedia (Temasek's subsidiary) controls the remaining 75%. Asia Mobile owns 41% shares of Indosat.
"Well, some government officials including VP Jusuf Kalla & SOE Minister Sugiharto raised the issue of buyback Indosat. But with Qatar Telecom as indirect shareholder of Indosat, the issue will die out," the analyst said.
What do you mean actually?
READ MORE!!!
posted by yosef at 5:59 PM
1 Comments:
Probably better than having some crony force his way into this company. QT has paid a high price for its stake. This may lead to a reassessment of values of Indonesian telecoms operators.
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