Jan 24, 2012

Bakrie Telecom & strategic buyer

CDMA-based operator PT Bakrie Telecom Tbk (BTEL) suffered a Rp498.34 billion net loss during the period ended September this year, a reversal from Rp148.59 billion net profit a year earlier.
The net loss was contributed by an increase of operating expenses, eroding its revenue. The operator also suffered a Rp121.55 billion operating loss in 9M 2011, a 163.73% drop from Rp190.72 billion operating profit in 9M 2010.
Operating expenses increased 12.37% to Rp2.09 trillion from Rp1.86 trillion, while the operator's consolidated revenue slightly decreased 3.90% to Rp1.97 trillion from Rp2.05 trillion.
Despite operating loss, PT Bakrie&Brothers Tbk (BNBR) is considering to dispose nearly 30% stake in Bakrie Telecom to a strategic investors. Who are they?  Please login or register to read the remaining story

Disclosure: No position at the stock mentioned above.

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