21 Banks both local and foreign are now in the war to grab a financing deal for the biggest state-owned telecommunication operator PT Telekomunikasi Indonesia Tbk (Telkom).
My source told me that on Thursday last week, Telkom announced its need to gather US$700 million or Rp8 trillion of financing deal. Telkom said it needs more fresh loan to underpin its merge and acquisition other firms.
If Telkom, the holding firm of the biggest cellular operator Telkomsel, would swallow a regional telecommunication players, then it needs to prove it. For many years and many times, Telkom's Commissioner Tanri Abeng said to the press that it is keen to buy regional player...so will Telkom prove its desire, please do more and talk less!
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