Telkom Indonesia to merge broadband arm with Telkomsel in $3.9b deal

Telkom Indonesia to merge broadband arm with Telkomsel in $3.9b deal

FILE PHOTO: The logo of Indonesia's largest telecommunications services company PT Telekomunikasi Indonesia (Telkom) is seen at Plasa Telkom building in Jakarta, April 30, 2018. REUTERS/Beawiharta

PT Telekomunikasi Selular (Telkomsel), the Indonesian associate of Singapore Telecommunications (Singtel), has agreed to merge with its parent’s IndiHome broadband arm to create an entity worth 58.3 trillion rupiah ($3.9 billion), the companies said on Thursday.

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