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Sunday, October 12, 2008

Qatar's Qtel says has not called off Indosat tender

DUBAI, Oct 12 (Reuters) - Qatar Telecom QTEL.QA (Qtel) said on Sunday it had not called off its tender offer for Indonesia's Indosat (ISAT.JK: Quote, Profile, Research, Stock Buzz), but was awaiting government clarifications on foreign ownership rules.

"The tender offer has not been called off and Qatar Telecom is awaiting government clarification on whether foreign ownership limitations should apply before continuing the tender offer process in accordance with Indonesian laws and regulations," the firm said in a statement. 

The statement came in response to Indonesian media reports. 

(Reporting by John Irish, Editing by Lin Noueihed)

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