Telegeography, 15 Sep 2008
The Indonesian Supreme Court has thrown out an appeal by SingTel and SingTel Mobile concerning a recent anti-monopoly ruling, the Singaporean firm said in a statement last Friday. In May 2008 the Central Jakarta District Court threw out Temasek’s appeal to have an anti-trust ruling overturned, fined the holding company USD1.6 million, and ordered it to sell its stake in either of the country’s largest mobile operators – Telkomsel and Indosat’s Satelindo unit – within a year.
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