Telkom, Indonesia, plans to acquire a stake in Iran’s Telecommunication Company of Iran (TCI). 5% of TCI was sold by the gvernment through an IPO and intends to sell stakes further to an overseas operator.‘Telkom is ready to become its strategic partner. It is not yet certain how many shares we will acquire but if they (Iran) are willing to release up to 20% it is not impossible for us to participate,’ says Telkom’s chief commissioner, Tanri Abeng. Telkom plans to buy stakes through its subsidiary PT Telkom Internasional Indonesia. ‘The establishment of TII is part of the company’s strategy to go international to increase its non-organic income growth,’ Tanri says.
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Telkom plans to acquire stake in TCI (Iran, Indonesia)
- October 22nd, 2008
- 4:54 am
