The tiny Persian Gulf nation of Qatar controls vast gas and oil deposits that feed billions of dollars annually into the state Treasury. Its petroleum riches make it the wealthiest nation per capita in the world, according to the International Monetary Fund.
PT Tower Bersama Infrastructure is in final talks to buy cellular towers from PT Indosat, Indonesia’s largest mobile-phone carrier, for as much as $500 million, said three people with knowledge of the matter.
PT Indosat, Indonesia’s second- biggest mobile-phone operator by revenue, fell the most in four months in Jakarta trading after its rally since June triggered a technical indicator to signal the gains were excessive.
Indonesia’s best-performing Islamic bond funds are buying sukuk of construction and retail companies to take advantage of the government’s $300 billion development program, after sovereign yields dropped to a record.
PT Indosat, Indonesia’s second- largest mobile phone carrier, plans to sell about 4,000 cellular towers and has drawn interest from PT Tower Bersama Infrastructure, PT Solusi Tunas Pratama and PT Sarana Menara Nusantara, three people with knowledge of the matter said.