Friday, May 20, 2011

Telkom CEO wants to buy back 35% share of SingTel in Telkomsel.

Previously I've mentioned it here, that Telkom wants to buy back shares from SingTel. Now seems there is more action. CEO of Telkom made it public that they are talking with SingTel. If this is true, then this is a big blow to SingTel and SingTel will not give up unless there is political/regulatory pressures.

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