Telkom allocates Rp 1 trillion for acquisition
The Jakarta Post, Jakarta | Wed, 03/16/2011 9:34 PM
Telecommunications firm PT Telekomunikasi Indonesia (TLKM) allocated Rp 1 trillion (US$114 million) to acquire other firms this year.
TLKM director Rinaldi Firmansyah said one of TLKM's targets for acquisition was a Cambodian company.
However, he was reluctant to name the firm.
Rinaldi said TLKM would compete with three other firms to take over the Cambodian company.
