Exhibit (a)(5)(v)
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QATAR TELECOM (QTEL) ANNOUNCES EXPIRATION OF TENDER OFFERS IN INDONESIA AND THE UNITED STATES
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| Doha, February 18, 2009 – Qatar Telecom (Qtel) Q.S.C. (“Qtel”) today announced the expiration of its concurrent tender offers, through its wholly-owned subsidiary Indonesia Communications Pte. Ltd., to acquire Series B Shares of PT Indosat Tbk. (IDX: ISAT; NYSE: IIT), an Indonesian company (“Indosat” and, such shares, “Series B Shares”), pursuant to an Indonesian offer, and to acquire American Depositary Shares representing Series B Shares (“ADSs”) pursuant to a U.S. offer. | ||
The offers expired at 3:00 a.m., New York City time (which is 3:00 p.m., Jakarta time), on February 18, 2009. In the aggregate, Qtel had offered to purchase up to 1,314,466,775 Series B Shares (including Series B Shares underlying ADSs) in the offers, representing approximately 24.19% of the total issued and outstanding Series B Shares (including Series B Shares underlying ADSs) of Indosat. | ||
The actual number of ADSs and Series B Shares validly tendered and not withdrawn and the proration factor will be announced on or about February 20, 2009. | ||
About Qtel | ||
Qatar Telecom (Qtel), a corporation organized under the laws of Qatar and headquartered in Doha, Qatar, is Qatar’s sole telecommunications provider and one of the largest public companies in that country. Qtel provides a wide range of telecommunications products including, among others, national and international GSM mobile services, internet and cable television services. Qtel’s shares are listed and traded on the Doha Securities Market and the Abu Dhabi Securities Market, and the Global Depository Receipts of Qtel are traded on the London Stock Exchange.
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Forward-looking Statements
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Statements contained in this press release that are not historical facts may be “forward-looking” statements. To identify these forward-looking statements look for words like “believes”, “expects”, “may”, “will”, “should”, “seeks”, “intends”, “plans”, “projects”, “estimates”, or “anticipates” and similar words and phrases. These, and all forward-looking statements, are based on current expectations and necessarily are subject to risks and uncertainties which would cause actual results to differ materially from those currently anticipated due | ||
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to a number of factors which include, but are not limited to, our ability to achieve our objectives and to maintain quality, resilience and service support. We caution readers not to rely on forward-looking statements, and we disclaim any intent or obligation to update these forward-looking statements.
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| Press Contacts | ||||||
For Qtel | International PR | Indonesia PR | ||||
| Nick Swierzy | Diana Footitt | Dian Safitri | ||||
| +974 559 9686 | +852 9183 0667 | +62 811 852 004 | ||||
| NSwierzy@qtel.com.qa | diana.footitt@fd.com | dian.safitri@inkemaris.com | ||||
Laurel Teo |
Armand Maris | |||||
| +65 8228 1061 | +62 812 825 0440 | |||||
| laurel.teo@fd.com | armand.maris@inkemaris.com | |||||
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