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Telecommunications
Acquisition On Hold

Tuesday, May 8, 2007

A Russian telecommunications giant is interested in buying into Indosat. But the company’s Singapore shareholder says it won’t sell its stake.

arsip tempo : 173515121060.

. tempo : 173515121060.

SUDDENLY, Altimo became the talk of the town as the Jakarta Stock Exchange buzzed with reports that the Russian telecommunications giant was interested in acquiring 42 percent stake held by Singapore Technologies Telemedia (STT) in Indosat. “I was flooded with questions from many foreign clients about the report,” said a government financial service executive last week. Confusion reigned with no official confirmation coming from the governmen

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