Weekly Business

CORPORATE ACTION
Buying Back Telkom Shares

PT Telekomunikasi Indonesia (Telkom) will attempt to buy back its shares from the public. The telecommunications giant has set aside around Rp2 trillion to realize this corporate action. "We will ask for cooperation from shareholders in realizing this plan," said Telkom CEO Rinaldi Firmansyah in Jakarta last Wednesday.

Public investors currently hold around 47 percent of Telkom shares. The rest are owned by t

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