Friday, June 29, 2007

Indonesia Telkom mulls acquisition to boost market cap

JAKARTA, June 29 (Reuters) - Indonesia's largest telecommunications firm, PT Telekomunikasi Indonesia Tbk (TLKM.JK: Quote, Profile, Research) (TLK.N: Quote, Profile, Research), is reviewing the possibility of an acquisition to meet a government target to boost the firm's market capitalisation to $30 billion by 2010. [more, reuters]

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