Indonesian incumbent Telkom has scrapped plans to buy a stake in New Zealand mobile operator 2degrees over a disagreement on price, according to a stock exchange filing.
Reports last year said the group was close to buying 25%-30% of 2degrees, which is…
Indonesian incumbent Telkom has scrapped plans to buy a stake in New Zealand mobile operator 2degrees over a disagreement on price, according to a stock exchange filing.
Reports last year said the group was close to buying 25%-30% of 2degrees, which is controlled by US venture capital firm Trilogy International Partners.
Telkom said it was still looking for potential telco partners in several countries, particularly in Asia and the Middle East.
Trilogy International Partners holds 60% of 2degrees after picking up an initial 26% in 2008, when it was a greenfield mobile wireless operator called New Zealand Communications.
Hautaki Trust, which represents New Zealand’s Maori population, also owns a stake in the telco.
Telkom’s newly-appointed CEO Alex Sinaga said earlier this month that it was considering issuing bonds to help finance its US$1.8bn capital expenditure for 2015.
He said the group planned to build towers, develop cable, fibre and satellite infrastructure, and expand its international presence.
