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Telkom Indonesia ‘plans to acquire’ operator
05 April 2012
CEO of Indonesian operator says company is looking to expand in south-east Asia, including Burma
Telekomunikasi Indonesia is looking to acquire a regional operator, according to an interview with the company’s CEO.
The company is eyeing expansion in several markets in south-east Asia, reported Dow Jones Newswires, citing company CEO Rinaldi Firmansyah.
Firmansyah told the agency: “We're looking, but it's not easy. Myanmar [Burma] is interesting to us, with its giant population. We'll be sending people there to take a look.”
Firmansyah expects the growing market to boost the business of Telkom’s subsidiaries considerably in 2012, with net profit expected to grow more than 6% on 2011 and revenue 5-6%, said the report.
Telkom can release shares by either raising the government’s stake in the firm or selling to the market, and will unveil its plans at a shareholders meeting to be held in May or June.
Telkom has repurchased about 3% of its shares in a share-buyback programme since 2008, said Firmansjah. GTB
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