ING appointed for Indosat restructuring

The board of Indonesian phone company Indosat has mandated ING to advise it on its forthcoming corporate restructuring. Indosat is made up of three distinct companies and brands - Indosat (international fixed line), Satelindo (cellular) and IM3 (cellular). The aim is to merge all three companies into one, under the brand of Indosat, focused on the mobile part of the market.