Indonesian incumbent Telkom is reportedly in talks to buy a 27% stake in a New Zealand telecoms operator as part of plans to expand to four Asia-Pacific countries.
Syarif Syarial Ahmad, president director of Telkom’s international unit Telin, said…
Indonesian incumbent Telkom is reportedly in talks to buy a 27% stake in a New Zealand telecoms operator as part of plans to expand to four Asia-Pacific countries.
Syarif Syarial Ahmad, president director of Telkom’s international unit Telin, said negotiations about the New Zealand target, which he did not name, are in progress but did not provide further details, Indonesian newspaper Kontan reported.
Ahmad was also cited as saying state-controlled Telkom plans to make acquisitions in Australia and two other, unidentified countries in the Asia-Pacific region via Telin.
In Australia, the CEO said the company wants to buy 75% of a business process outsourcing firm, investing US$8m.
He noted that Telin has allocated capital expenditure of Rp1.5trn (US$128.4m) for expansion this year, 40% of which was absorbed in the first half of the year.
Last week, Telkom CEO Arief Yahya was quoted in local media as saying the company plans to spend Rp1trn (US$85.8m) to expand into Saudi Arabia and other Middle Eastern countries. The telco intends to partner with local mobile network operators to serve as an MVNO in the region via its international subsidiary, he reportedly said.
