Qatar Telecom (Qtel) Q.S.C.’s (“Qtel”) subsidiary Indosat, the Indonesian telecommunications company, has announced that it has signed an exclusive non-binding memorandum of understanding (“Non-binding MOU”) with PT Tower Bersama Infrastructure Tbk. (“Tower Bersama”) to negotiate a proposed transaction involving the sale of a portion of Indosat’s existing tower assets and the lease of certain site space thereon.

The Non-binding MOU does not create any obligations on the part of either party, with definitive agreements still to be finalised. Further updates to the market will be provided in due course.