Indonesian incumbent PT Telkom plans to become a holding company by 2012, according to local media.
VivaNews reported on Thursday that Tanri Abeng, Telkom’s chief commissioner, said he planned for Telkom to become the largest holding company in two…
Indonesian incumbent PT Telkom plans to become a holding company by 2012, according to local media.
VivaNews reported on Thursday that Tanri Abeng, Telkom’s chief commissioner, said he planned for Telkom to become the largest holding company in two years’ time. It is unclear whether he was talking of the domestic market alone.
It is possible that the company is aiming to create one or more separate subsidiaries for towers, satellites and communication services.
Telkom is also currently considering listing its subsidiary PT Dayamitra Telekomunikasi (Mitratel), a telecoms infrastructure provider acquired in 2004.
VivaNews reported that Telkom is negotiating with Singapore Telecom Mobile (Singtel) about restructuring its tower management.
Mitratel is set to run the tower base stations of Flexi and Telkomsel, which is 35% owned by Singtel.
Telkom was unavailable for comment.
Earlier this week, it emerged that Telkom had failed to reach a deal with Bakrie Telecom to sell its CDMA assets, after Indonesia’s business competition supervisory commission expressed concerns that it could lead to a CDMA monopoly.
