Business Services Industry
SingTel increases share in Telkomsel. (Indonesia).(Brief Article)
Asia Pacific Telecom, May, 2002
Singapore Telecommunications increased its stake in Telkomsel, Indonesia's largest cellular phone operator, in a $429 million deal. The deal will increase SingTel's stake in Telkomsel to 34.3 percent. SingTel is expected to increase its stake gradually in Telkomsel to 49 percent, according to a story in The Financial Times.
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