Saturday, May 31, 2008

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]

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