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Indonesia plans Industri Telekomunikasi IPO
01 February 2012
Indonesian government looks to selling stake in state-owned telecoms equipment maker Inti
The Indonesian government is planning to offload holdings in four state-controlled firms, including telecoms equipment maker Industri Telekomunikasi Indonesia, or Inti, according to Hatta Rajasa, the coordinating minister for the country’s economic affairs.
Inti, which makes fibre optic cables and mobile handsets, are among the companies for which public share offerings are being planned. The move is aimed at enhancing transparency and improving the companies’ financial results.
According to Investor Daily, Hatta said: “All the money raised by the privatised companies would go to support the companies’ financial structure, not for the state treasury. It’s all for the sake of the companies’ health.” GTB
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Indonesia's Telkom to build broadband net 09 Dec 2011
Telekom Indonesia to take 100% of Telkomsel 06 Oct 2011
Indosat 'plans to sell' 4,000 mobile towers 09 Sep 2011
Axis launches Indonesian broadband 13 Jun 2011