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Wireless Federation » archive for 'PT Indosat'

Qatar Telecom concurs on PT Indosat’s original price (Qatar & Indonesia)

  • November 28th, 2008
  • 9:40 am

Qatar Telecom is ready to pay original price offered by PT Indosat, Indonesia’s second-largest telephone company. Chairman of the Capital Market Regulator, Ahmad Fuad Rahmany, said, Qatar agreed to buy the stake at $0.6 a share as was announced in June after buying a 40.8 % stake in Indosat.

On Oct. 28, Qatar Telecom said, it would pay $0.5 a share to buy a 24.2 % stake in Indosat after getting approval from the government to raise its holding in the phone operator to 65%.

PT Indosat reports net profits of $149.8Mn (Indonesia)

  • October 21st, 2008
  • 10:00 am

PT Indosat, Indonesia, reports a 1.9% growth in it’s nine-month net profit, rising to 1.47 trillion rupiah ($149.8 million). According to the celco the revenues jumped by 14.9% to 13.65 trillion rupiah.

   

Indosat to buyback $550m denominated bonds (Indonesia)

  • July 25th, 2008
  • 3:24 pm

PT Indosat, Indonesia’s second largest telecoms group along with a number of its subsidiaries, has offered to buy back US dollar denominated bonds totalling $550 million.
Indosat corporate executive Strasfiatri Auliana said Indosat, Indosat Finance Company and Indosat International Finance Company had offered to buy back their bonds maturing in 2010 and 2012. The 2010 bonds are valued at $300 million with a coupon rate of 7.75% and others maturing in 2012 are $250 million with a coupon rate of 7.125%. Goldman Sachs has been named as lead broker and HSBC as the financial advisor in the sale.

   
 

Indonesian mobile users to reach 133 mln by 2010 - study (Indonesia)

  • September 10th, 2007
  • 11:44 am

Mobile users in Indonesia will grow to 94.7 million in 2007 vs 68 million at the end of 2006, according to a report from ROA Group. The telecommunication industry will post about 18 percent of CAGR starting in 2008, and the number of users will increase to 133 million by 2010. Indonesian mobile market is driven by service coverage, reduced rate of tariff plans and handsets. The Indonesian mobile operators, which have obtained licenses to provide nation-wide services, are expected to expand their service coverage rapidly. Accordingly, mobile users will increase substantially in the suburban areas and small towns. In the metropolitan areas, PT Telkom and PT Indosat will lead the introduction of bundled services and mobile convergence. The CDMA operators, Bakrie Telkom and Mobile-8 in particular, will utilise radical measures to lure new users over the next three years.

   

Temasek-owned telecom outfit in Qatar deal

  • January 16th, 2007
  • 12:01 pm

metimes writes…Singapore Technologies Telemedia, wholly-owned by state-linked investment firm Temasek Holdings, has partnered with Qatar Telecom to scout for mobile business prospects in Asia, the company said late Monday.

Under the deal, Qatar Telecom will invest up to $635 million in cash for a 25-percent stake in Asia Mobile Holdings, which is owned by Singapore Technologies Telemedia.

The Singapore firm will retain a majority stake of 75 percent in Asia Mobile holdings, which will be the two partners’ “preferred vehicle for future mobile telecoms investments” in the Asia Pacific region, the statement said.

“It underscores our commitment to the Asia Pacific region and to the continued success of our existing companies,” said Lee Theng Kiat, chief executive of Singapore Technologies Telemedia. “We believe this alliance, which is based on shared values and goals, will bring significant long term value to all our stakeholders,” he said.

Qatar Telecom’s chief executive Nasser Marafih said that the partnership, which represents the next phase of his company’s growth strategy, allows it an immediate entry into Singapore and Indonesia.

Singapore Technologies Telemedia’s stake in local telecom operator StarHub and Indonesia’s PT Indosat Tbk are held through Asia Mobile Holdings.

 
 

ST Telemedia to sell 25% stake in Asia Mobile for S$963m

  • January 16th, 2007
  • 7:59 am

ChannelNewsAsia writes…Singapore Technologies Telemedia will sell a 25 percent stake in its mobile telephone investment vehicle for S$963 million in cash.

The stake in Asia Mobile Holdings (AMH) will be sold to Qatar Telecom, the fifth largest telecoms firm by market value in the Gulf region.

The transaction values Asia Mobile Holdings at up to S$5.4 billion.

ST Telemedia will also join hands with Qatar Telecom to invest in new mobile telecoms opportunities in the Asia Pacific region through AMH.

AMH holds stakes in Singapore cable TV operator StarHub and Indonesian mobile phone operator PT Indosat.

ST Telemedia, which is wholly owned by Temasek Holdings, will continue to control AMH with its 75 percent stake.