PT Telekomunikasi Indonesia (Telkom), the Southeast Asian country’s largest telecoms firm, is reportedly seeking to buy-out SingTel’s stake in their jointly owned mobile business, Telkomsel.
PT Telekomunikasi Indonesia (Telkom) is planning to buy back the 35 percent stake of its mobile arm, Telkomsel, which is currently owned by Singaporean operator group SingTel.
SingTel trumpeted that its group mobile customer base had reached 368 million at the end of September 2010, although this figure is based on an aggregate total which counts 100 percent of subscribers of subsidiaries and joint ventures as its own.
Indonesia is on track to surpass a 200 million connections milestone by year-end – and is forecast to hit 10 million LTE connections in five years if regulatory issues can be resolved
Indonesian operator Telkomsel picked Telecom Italia to develop its 2011—2015 Technology Plan.
Southeast Asian mobile giant SingTel today announced a 24 percent annual increase in net profit on the back of steady growth at its wholly-owned subsidiaries in Singapore (SingTel) and Australia (Optus). The highlight among the group’s regional mobile subsidiaries (where SingTel owns minority stakes) was Telkomsel in Indonesia.
Price pressures hit world’s sixth-largest mobile market despite strong growth