Telkom, Australia's Telstra to form JV
The Jakarta Post
The Jakarta Post
The country's biggest telecommunication operator, PT Telekomunikasi Indonesia (Telkom), signed a deal in Sydney on Friday with Australian telecommunications firm Telstra to establish a joint venture which will target the enterprise sector in Indonesia. Under the deal, Telkom will own a 51 percent stake in the joint venture, while Telstra will own the remaining 49 percent.
The venture will offer cloud and unified communications services, particularly targeting Australian companies in the country.
'We are optimistic that the partnership in network application services [NAS] will grow significantly as Telstra is a world player and Telkom is the main player in the country's IT and data center business,' Telkom president director Arief Yahya said in a statement.
Neither firm has yet revealed the value of the deal, but Telstra's group executive, global enterprise and services, Brandon Riley, said that both companies would invest tens of millions of dollars to get the business ready in 2015.
'This is not a capital intensive business but we are talking tens of millions over the next year,' Riley said as quoted by The Australian.
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