What stands in the way of telco consolidation in Indonesia? Regulation and plenty more

A man looks at his phone in Jakarta, Indonesia. Photo by Muhammad Raufan Yusup on Unsplash

A planned ministerial rule revision intended to pave way for consolidation in Indonesia’s telecommunication industry won’t be enough to spark deal activity, according to analysts at Citigroup Inc., PT Danareksa Sekuritas and PT Yuanta Securities.

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