Telkom-Indosat
Half-Hearted Swap?
Tuesday, May 15, 2001
Shareholders of Telkom and Indosat approve of a swap transaction worth $1.5 billion, but Telkom employees in Central Java are not swayed.
arsip tempo : 178038242531.
EMPLOYEES of PT Telkom Regional Division IV of Central Java and Yogyakarta staged protest rallies recently. The bosses of Telkom and Indosat, however, simply turned a deaf ear. In a general meeting of shareholders last Friday, the owners of the two publicly listed firms gave their agreement to a US$1.544-billion swap of the two firms' assets, a decision triggering protests from Telkom employees. The swap agreement allows Telkom to control the majo...
Subscribe to continue reading.
We craft news with stories.
For the benefits of subscribing to Digital Tempo, See More
