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Jakarta Post
The Jakarta Post
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Telkom says valuation is on track to acquire Pacnet

  • Raras Cahyafitri

    The Jakarta Post

Jakarta | Wed, May 23 2012 | 08:44 am
Telkom says valuation is on track to acquire Pacnet

PREMIUM Arief Yahya. JP/R. Berto WedhatamaIndonesia’s largest telecommunication provider, PT Telekomunikasi Indonesia (Telkom), says due diligence for its plan to buy a controlling stake in Hong Kong and Singapore-based undersea cable operator Pacnet Ltd. will be completed next month.

Newly appointed president director Arief Yahya said the company planned to use both internal and external cash to...