Acting Telkom CEO, Indra Utoyo:
This is purely a business transaction

UNDER the public spotlight for implementing a crucial corporate act at the end of President Susilo Bambang Yudhoyono's term, the chief executive of Telekomunikasi Indonesia claimed to be unconcerned. The share-swap option between the companies, Dayamitra Telekomunikasi (Mitratel) and Tower Bersama Infrastructure (TBIG) nevertheless proceeded, although a member of its board of commissioners disapproved of the move.

Intra Utoyo, acting CEO of Telkom insisted no politics were involved in the transaction. In an interview with Tempo reporters Akbar Tri Kurniawan and Gustidha Budiartie last week he clarified the motives behind the share-swap transaction. Excerpts:

November 18, 2014