Fighting over Potential Profits

Several big names are being mentioned as wanting to snatch up Indosat shares. However, in addition to the necessary funds, strong political connections are required.

December 4, 2007

THE door that was closed has now started to open a little. The decision made two weeks again by the Business Competition Supervisory Commission (KPPU) that Temasek Holdings has to sell its shares in PT Indosat or PT Telkomsel has provided an opportunity for those who until now have been hunting shares in these telecommunications companies.

One of those in the hunt is the Setdco Group. This company, which is owned by Setiawan Djody, is intent on pu

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