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Published on 7/21/2008 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Indosat starts change-of-control tender for 7 1/8%, 7¾% notes

New York, July 21 - PT Indosat Tbk., Indosat Finance Co. BV and Indosat International Finance Co. BV said they have started change-of-control tender offers for Indosat Finance's 7¾% guaranteed notes due 2010 and Indosat International Finance's 7 1/8% guaranteed notes due 2012.

In both cases the purchase price is 101% of par plus accrued interest up to the date of settlement.

The offers will end at 5 p.m. ET on Sept. 16.

The offers are being held in connection with the indirect acquisition by Qatar Telecom QSC of 40.81% of Indosat's outstanding series B common shares.

D.F. King & Co., Inc. is information and tender agent (800 967-7635, banks and brokers call collect 212 269-5550).


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