Indonesian incumbent Telkom aims to buy 25%-30% of New Zealand mobile operator 2degrees by year-end, according to a local report citing its finance director Honesti Basyir.
The comments come three months after state-controlled Telkom revealed it was in…
Indonesian incumbent Telkom aims to buy 25%-30% of New Zealand mobile operator 2degrees by year-end, according to a local report citing its finance director Honesti Basyir.
The comments come three months after state-controlled Telkom revealed it was in talks to acquire a 27% stake in an undisclosed telecoms operator in New Zealand, as part of plans to expand into four Asia-Pacific countries.
Syarif Syarial Ahmad, president director of Telkom’s international unit Telin, was cited in August saying it planned to invest US$8m to buy 75% of a business process outsourcing firm in Australia as part of the expansion plans.
The telco is reportedly also looking for a partner to launch an MVNO in the Middle East.
US venture capital firm Trilogy International Partners owns around 60% of 2degrees, after first acquiring 26% of the group in June 2008 when it was a greenfield mobile wireless operator called New Zealand Communications.
Other shareholders include the Hautaki Trust, which represents New Zealand’s Maori population.
