Jul 12, 2011

Telkom signals interest on StarOne

PT Telekomunikasi Indonesia Tbk (Telkom) is exploring the possibility to merge its unit, Telkom Flexi, with StarOne, a CDMA-based operator owned by PT Indosat Tbk.
Telkom President Director Rinaldi Firmansyah said the company has shown its interest with the proposed merger to Indosat's management.
However, Telkom hasn't obtained answer from Indosat. "We are now interested and we will try to open talks with Indosat," said Rinaldi as quoted by Kontan daily today. 

Disclosure: No position at the stock mentioned above.

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