The issue Ooredoo will sell its stake in PT Indosat Tbk (ISAT) reached the bright spots. Ooredoo states do not have the intention to sell holdings
Indosat is the largest international market Ooredoo, and has a strategic role in the company’s corporate strategy over the long term, Ooredoo said in a statement, as reported by Reuters on Thursday (09/22/2016).
Rumor Ooredoo Selling Stocks, ISAT Up Rp75Butuh Money, Selling Ooredoo company’s shares? Indosat Destroy Board of trustees
Earlier, the news blows if the telecommunications companies from Qatar amid chanting will sell some of its shares in Indosat.
Discourse sale of Indosat shares to obtain fresh funds and prefer to focus on the subsidiary operating in the area that provide benefits such as the Middle East market.
As reported by Bloomberg, Wednesday, September 21, Ooredoo called will remove approximately 65 percent of its stake in Indosat to support expansion into the region. An estimated valuation of Indosat reached approximately USD 1.4 billion.