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View all search resultsTelkom eyes Oz, NZ, Asia-Pacific market
State-owned publicly listed telecommunication operator PT Telekomunikasi Indonesia (Telkom) through its subsidiary Telkom Internasional (Telin) is to expand its networks to four countries across the Asia-Pacific over the next few years
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tate-owned publicly listed telecommunication operator PT Telekomunikasi Indonesia (Telkom) through its subsidiary Telkom Internasional (Telin) is to expand its networks to four countries across the Asia-Pacific over the next few years.
The firm plans to acquire telecommunication companies in Australia, New Zealand, and two other countries in Asia Pacific, kontan.co.id reported.
Telin president director Syarif Syarial Ahmad said that in Australia, they wanted to acquire 75 percent of a business process outsourcing (BPO) firm with a total investment of US$8 million.
Meanwhile in New Zealand, they were going to acquire 27 percent shares of a local telecommunication operator that controlled 60 percent of the telecommunication market in the country.
Syarif, however, refused to elaborate as negotiations were still ongoing among Telkom, Telin and the targeted companies.
He said Telin had allotted Rp 1.5 trillion (US$127.5 million) in capital expenditure for its expansion programs this year and 40 percent of it had been absorbed in the first half of 2014.
The company will be aggressively expanding its markets in the 2014 and 2015 fiscal years to distribute the risk of business as well as to look for opportunities. (nfo)
