State-owned telecommunications company PT Telekomunikasi Indonesia Tbk (Telkom) will soon appoint local and foreign financial appraisers to help the company assess its plan to buy back Singapore Telecommunications’ (SingTel’s) 35 percent stake in Indonesia’s largest mobile operator, Telkomsel, the company’s top executive said.
Telkom president Rinaldi Firmansyah said in Jakarta on Thursday that five local and foreign financial companies would take part in a “beauty contest” to select the advisors. Full story
