Friday, June 29, 2007

Indonesia Telkom mulls acquisition to boost market cap

(Reuters) - "Telkom is reviewing and discussing the possibility of an
acquisition, in line with its strategic roadmap to achieve a
target of $30 billion market capitalisation by 2010," the
company said in the letter.




Telkom already controls 65 percent of PT Telekomunikasi
Selular , the country's biggest mobile phone
operator, which holds more than half of Indonesia's around 70
million mobile phone users.


Read more at Reuters.com Mergers News

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