Indonesia asks state businesses to buy back shares

JAKARTA, Indonesia - Indonesia's president urged state companies Thursday to buy up their own shares to quell a stampede of selling that sent the main stock index skidding more than 20 percent this week.

A trading freeze imposed on the Jakarta Stock Exchange Wednesday in response to sudden, steep loses may not be lifted until next week, said State-Owned Enterprise Minister Sofyan Jalil. [more, forbes]

2008 Asia - Telecoms, Mobile and Broadband in Indonesia and Timor Leste Provides a Comprehensive Overview of the Trends and Developments in These Mark

DUBLIN, Ireland-(Business Wire)-July 23, 2008 - Research and Markets (http://www.researchandmarkets.com/research/5047cd/2008_asia_teleco) has announced the addition of the "2008 Asia - Telecoms, Mobile and Broadband in Indonesia and Timor Leste" report to their offering. [more, digital50.com]

Indonesian telecoms mull price-fixing appeal

JAKARTA (AFP) — Indonesian telecom firms were mulling appeals Thursday after the competition watchdog found them guilty of price fixing and raking in hundreds of millions of dollars from illegal text message charges.

The Business Competition Supervisory Commission (KPPU) found six telecommunications companies guilty of collusion and slapped five of them with fines worth some 10 million dollars. [more, afp]

SMS cartel practices cause Rp2.827 tln in losses to consumers

Jakarta (ANTARA News) - The Business Competition Supervisory Commission (KPPU) said short message service (SMS) cartel practices in the country had caused consumers to suffer a loss of Rp2.827 trillion during the 2004 - April 2008 period.

The KPPU made the statement in its decision on Wednesday over the results of its studies about alleged SMS cartel practices by six cellular phone operators, namely PT Excelcomindo Pratama Tbk (XL), PT Telkomsel, PT Telkom, PT Bakrie Telecom Tbk, PT Mobile-8 Telecom Tbk and PT Smart Telecom. [more, antaranews]

UPDATE 1-Indonesia Telkom shareholders approve share buyback

JAKARTA, June 20 (Reuters) - Shareholders of Indonesia's PT Telekomunikasi Indonesia Tbk TLKM.JK on Friday approved a plan to buy back up to 3 trillion rupiah ($323 million) worth of shares within the next 18 months.

The country's largest telecoms firm said last month it planned to buy back shares equivalent to 1.9 percent of its share capital to return excess cash to shareholders and help support the company's share price. [more, reuters]

Profit opportunities in Indonesia

...Indonesia’s fixed-line telephone company, PT Telekomunikasi Indonesia (NYSE: TLK, Stock Forum), is trading at a trailing P/E of 14, and features a dividend yield of 3.6%. It offers fixed-line and cell-phone services, and is the country’s traditional telephone provider, founded in 1884. ... [more, stockhouse]

Indonesia's Telkom keen on buying SingTel's stake in Telkomsel - report

SINGAPORE (Thomson Financial) - Indonesia's biggest telecom carrier, PT Telekomunikasi Indonesia Tbk (Telkom), is keen on buying back shares in unit Telkomsel from Singapore Telecommunications Ltd. (SingTel) if the stake were to be offered for sale, the Straits Times reported on Friday.

Telkom Chairman Tanri Abeng said Telkom, being the majority owner of Telkomsel, has the first option to take the shares from SingTel, the newspaper said. [more, interactive investor]

Indonesia's Telkom Q1 net up 5 pct on mobile users

JAKARTA, May 23 (Reuters) - PT Telekomunikasi Indonesia Tbk TLKM.JK, the country's largest telecoms firm, posted a lower-than-expected 5.4 percent rise in first-quarter net profit, due to strong growth in mobile subscribers. [more, reuters]

Telkom To Buy Stake In Cos In Singapore, Malaysia, Sri Lanka

JAKARTA -(Dow Jones)- PT Telekomunikasi Indonesia, Thursday said it plans to buy a minority stake in call center and content provider companies in Singapore and Malaysia and in wireless companies in Sri Lanka and Bangladesh.
"We expect to complete the stake purchase in the four companies later this year," Telkom President Commissioner Tanri Abeng told reporters. [more, cellular-news]

Telekomunikasi Indonesia upgraded to 'Baa3' - Moody's

MUMBAI (Thomson Financial) - Moody's Investors Service upgraded PT Telekomunikasi Indonesia (Telkom), citing a fundamentally strong operating and financial profile, and 'continued improvement in perceived efforts to improve standards of corporate governance, financial reporting and overall transparency.' [more, forbes]

PT Telkom opens up domestic long distance call service to rival

Jakarta (ANTARA News) - PT Telekomunikasi Indonesia (Telkom) has opened up its domestic long distance call service to its rival PT Indosat Tbk starting from today, an information ministry official said.

"Principally, both parties reached an agreement just before mid-night last night," Gatot Dewa Broto, head of communications at the ministry's post and telecommunications directorate, told Thomson Financial. [more, antaranews]

Indonesia - Telecom Country Profile is an Exclusive Report Providing You with an Analysis of the Country’s Competitive Environment

DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c87523) has announced the addition of Indonesia - Telecom Country Profile to their offering.

This 36-page report will give you a complete snap-shot of Indonesia's telecom environment, providing you with all the information you need to be successful in this market. [more, businesswire]

Indonesia's Telkom, Indosat in last minute talks on long-distance call service

JAKARTA, Apr 03, 2008 (Thomson Financial via COMTEX) -- PSATF | news | PowerRating | PR Charts --PT Telekomunikasi Indonesia Tbk (Telkom), the country's biggest telephone operator, said on Thursday it is hoping to reach an agreement on domestic long distance services with its rival PT Indosat Tbk by today.
Telkom must allow its fixed-line subscribers, initially in Balikpapan, East Kalimantan, to use the alternative "011" access code provided by rival Indosat by today. [more, tradingmarkets]

PT Telkom selects Alcatel-Lucent to deploy nation-wide Data Recovery Service network

Paris, March 26, 2008 – Alcatel-Lucent (Euronext Paris and NYSE:ALU)announced today that PT Telekomunikasi Indonesia (PT Telkom), the incumbent fixed telephone service provider in Indonesia, has chosen Alcatel-Lucent to deploy a national Data Recovery Service (DRS) network connecting ten cities across the country. By deploying a highly resilient IP/MPLS-based network, PT Telkom ensures business continuity for its mission critical operations. [more, mysolutioninfo]

Indonesia's Indosat FY net profit seen up 28-49 percent on subscriber growth

JAKARTA, Mar. 19, 2008 (Thomson Financial delivered by Newstex) -- Indonesia's second-biggest telecom company PT Indosat (NYSE:IIT) is expected to report next Wednesday a 28-49 percent growth in 2007 net profit largely due to a robust increase in the number of its subscribers, analysts polled by Thomson Financial said. [more, CNNMoney]

UPDATE 2-Indonesia's Telkom sees '08 profit up 11-12 pct

JAKARTA, March 13 (Reuters) - Indonesia's top telecoms company, PT Telekomunikasi Indonesia Tbk TLKM.JK, said on Thursday its net profit is expected to rise by 11-12 percent this year, short of analyst forecasts, as competition in the sector squeezes growth. [more, reuters]

Telkom ready to cut its telephone tariffs by 20 percent

Jakarta (ANTARA News) - State telecommunication operator PT Telekomunikasi Indonesia Tbk (Telkom) will cut the retail tariff of all of its services by an average of 20 percent when the government-sanctioned reduced cost-based interconnection tariff takes effect on April 1, 2008 , a spokesman said.

"Our telephone tariff will be reduced by an average of 20 percent. It will apply to all our services, including cellular phone (Telkomsel) and fixed wires (Flexi)," Telkom`s Enterprises and Wholesale Services Director Arief Yahya told ANTARA on Friday. [more, antaranews]

Indonesian telecom company's internet traffic down to 10%

JAKARTA, March 1 (Xinhua) -- Internet traffic of PT Telekomunikasi Indonesia (Telkom) was down to 10 percent on Friday as undersea fiber optic connections to Singapore, which connect the country to the rest of the world, failed to function.

As the main provider for internet traffic connection, Telkom said its fiber optic failure did not completely cut internet services, The Jakarta Post daily reported on Saturday. [more, xinhua]

Telecommunication cut in hardest quake hit area in Indonesia

JAKARTA, Feb. 20 (Xinhua) -- Telecommunication was cut at the hardest-hit area of Sinabang town in Siemelu island of Aceh province after a powerful earthquake hit the area, Indonesian meteorology and geophysics agency and the National Disaster Management Agency said here Wednesday. [more, xinhuanet]

Bates and MindShare win Telkom in Indonesia

JAKARTA - BatesAsia 141 and MindShare have won the Telekomunikasi Indonesia (Telkom) account after a lengthy pitch against incumbent Euro RSCG/MPG, Saatchi & Saatchi/ZenithOptimedia and Lowe/Initiative. [more, brandrepublic]