Indonesia-based telecommunications company Indosat is likely to soon buy back bonds worth $550 million (the US dollar-denomi nated bonds include those valued at $300 million, maturing in 2010, and those valued at $250 million, maturing in 2012).

Indonesia-based telecommunications company Indosat is likely to soon buy back bonds worth $550 million (the US dollar-denominated bonds include those valued at $300 million, maturing in 2010, and those valued at $250 million, maturing in 2012). The decision to buy back these bonds has been taken by Qatar Telecom, which took control of Indosat after acquiring a 40.81 per cent stake in the company from Singapore Technologies Telemedia in June 2008. Indosat has named Goldman Sachs as the executing broker and HSBC as the financial adviser in the buyback programme.