Bloomberg.com
23 May 2008
May 23 (Bloomberg) -- PT Telekomunikasi Indonesia, the nation's biggest phone company, asked the Supreme Court to give it the right to raise its holdings in its mobile-phone unit if Singapore Telecommunications Ltd. is forced to sell the stake.
An Indonesian district court ruled May 9 that Temasek Holdings Pte and units including Singapore Telecommunications broke antitrust laws and must sell their stakes in one of Indonesia's two biggest mobile-phone operators within a year. Temasek is Singapore's state-owned investment company.
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