Nov 17, 2010

Mobile-8 to acquire Smart Telecom

CDMA-based operator PT Mobile-8 Telecom Tbk (FREN) plans to acquire stakes of CDMA-based telephone operator PT Smart Telecom, currently controlled by Sinarmas Group.
In the agendas of extraordinary of shareholder general meeting (EGM), scheduled on December 8 2010, submitted to Indonesia Stock Exchange (IDX), Mobile-8 also plans to hold rights issue and capital enlargement regarding to bonds conversion. 

Disclosure: No position at the stock mentioned above. 

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