Temasek Files Appeal Against Indonesian Ruling (Update1)

Dec. 18 (Bloomberg) -- Temasek Holdings Pte, a Singapore state-owned investment company, appealed against an Indonesian court ruling that said it broke antitrust laws through stakes in the country's two biggest mobile-phone operators.

The appeal was filed at the Central Jakarta District Court, Temasek said today in a statement. Indonesia's antitrust regulator on Dec. 5 ordered the company to sell its stake in either PT Telekomunikasi Selular or PT Indosat within two years. [more, bloomberg]