Telkom buyout Bukaka-SingTel
Investor Daily reported that PT Telkom Tbk has concluded the negotiation on the acquisition of telecommunication assets developed and owned by PT Bukaka SingTel Indonesia at US$200 million.
The newspaper quoted Arwin Rasjid, Telkom CEO, admitting the negotiation has been done and both parties are drafting the agreement to be signed next month.
Bukaka SingTel is a JV between Bukaka Group, a company controlled by VP Jusuf Kalla's family and SingTel--a company controlled by Singapore-government's investment arm Temasek Holdings.
For backgrounds, read my previous post: Telkom & Bukaka SingTel buyout.
See, that's why Telkom squeeze customers all the time, keep increasing the tariff and block the competition. Wake up!
READ MORE!!!
The newspaper quoted Arwin Rasjid, Telkom CEO, admitting the negotiation has been done and both parties are drafting the agreement to be signed next month.
Bukaka SingTel is a JV between Bukaka Group, a company controlled by VP Jusuf Kalla's family and SingTel--a company controlled by Singapore-government's investment arm Temasek Holdings.
For backgrounds, read my previous post: Telkom & Bukaka SingTel buyout.
See, that's why Telkom squeeze customers all the time, keep increasing the tariff and block the competition. Wake up!
Labels: BUKAKA, TELKOM, Temasek
READ MORE!!!
posted by yosef at 7:55 AM
1 Comments:
It could also seen as bribe from state owned company to Kalla.. Who know the price of $200 mil is fair for only 300.000 fixed lines?.. Maybe BSI itself has debt and now Telkom will bear the debt..
$200 mil is not bad for reelected in 2008, and Arwin Rasjid will always be remembered by Kalla...
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