Thursday, June 7, 2007

Temasek denies involvement in anti-competitive practices in Indonesia

SINGAPORE : Investment firm Temasek Holdings says it is not involved in any anti-competitive business practices in Indonesia's mobile phone sector.

This is according to a statement from its lawyer in Indonesia, Todung Mulya Lubis.

Indonesian anti-trust authorities are investigating Temasek after receiving a price-fixing complaint in December. [more, channelnewsasia.com]

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