Govt to announce winning bidder

Govt to announce winning bidder

JAKARTA: The Indonesian government Wednesday said it plans to
announce the winning bidder for its 41.94 percent stake in PT
Indonesian Satellite on Monday.

"The sale of the Indosat stake remains on schedule," State
Enterprise Deputy Minister Mahmuddin Yasin told reporters.

He said the government will receive the final bids for the
Indosat stake Friday.

There are four bidders in the final round of the Indosat stake
sale.

Yasin said none of the four has withdrawn from bidding for the
government's stake in Indosat. He didn't elaborate further.

The four are Singapore Technologies Telemedia Pte. Ltd.,
Telekom Malaysia Bhd., Malaysian company Desa Mahir Sdn. Bhd. and
a company of unknown origin, Gilbert Global Equity Capital Asia
Ltd.

All four were selected from a list of 14 investors who had
made preliminary offers for the stake.

The government has a 56.9 percent stake in Indosat. -- Dow
Jones