Indonesia: Telkom to acquire stakes in three firms, readies $369m for potential deals

Indonesia: Telkom to acquire stakes in three firms, readies $369m for potential deals

State-owned telco firm Telekomunikasi Indonesia is looking to acquire minority shares in three firms from neighboring Malaysia – one of which is Singapore-listed – according to sources of local media Kontan. The telco company is reportedly preparing $369 million (IDR 5 trillion) for the potential deals.

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