Not As Easy to Sell

The government wants to buy back Indosat shares from Singapore. The minimum funds required amount to some Rp12 trillion.

January 10, 2006

THE end of last year was perhaps the busiest time for Sugiharto. The State Minister for State Owned Enterprises (SOEs) had to face the President and the Vice President in order to report that his task had already been carried out. A letter dated December 14, 2005, has already been sent to Singapore Technologies Telemedia (STT): the Indonesian government wants to purchase 40.77 percent shares in Indosat from this Singaporean telecommunications com

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