Sued by the Ministry of Tourism and Creative Economy, Who Owns Indosat?

The Ministry of Tourism and Creative Economy (Kemenparekraf) is suing PT Grahalintas Properti in the Central Jakarta District Court regarding a cooperation agreement for the use of government-owned land and buildings.

In the lawsuit, Kemenparekraf Minister Sandiaga Uno also included PT Indosat Tbk and PT Sisindosat Lintas Buana as defendants I and II.

The following are the shareholders of PT Indosat Tbk's (ISAT) Series B shares who are also being sued by Sandiaga: 65% (majority) is owned by Ooredoo Asia, Pte. Ltd. 14.29% is owned by PT Perusahaan Pengelola Aset (Persero) or PT PPA. The remaining 20.71% is owned by the public through the capital market.

PT Sisindosat was the first party to enter into a civil law relationship with the Department of Post and Telecommunications (now the Ministry of Tourism and Creative Economy). PT Indosat Tbk was formerly the parent company of PT Sisindosat, which was then sold in 2005.

PT Indosat Tbk was initially a state-owned enterprise (SOE) established in 1967. Through divestment, the majority of Indosat's shares were transferred to Singapore Technologies Telemedia Pte Ltd (ST Telemedia) in 2002. These Indosat shares were then sold to Qatar Telecom QSC (Qtel) in mid-2008.