Temasek likely to keep stake in Telkomsel but divest stake in Indosat. That's the answer why ISAT was increased higher than TLKM today, to give a green umbrella for Temasek to leave. Buy ISAT buy !. gdbrook
On 11/21/07, agoes_htm <[EMAIL PROTECTED]> wrote: > Indosat: Temasek likely to keep stake in Telkomsel but divest stake in > Indosat - report > > Indosat, the Indonesian-based telecom, will likely be sold if Temasek > fails to appeal judgment by anti-monopoly watchdog group, reported the > Straits Times. <br>Competition Supervisory Commission (KPPU), the > Indonesian anti-monopoly watchdog, ruled against Temasek on Monday > noting > that the company had violated foreign ownership laws through its stake > in > Indosat and Telkomsel. As a result of the decision, Indosat may be > forced > to sell off either its stake in Indosat or its stake in Telkomsel. A > Citigroup report noted that the Telkomsel business was much more > valuable > than the business of Indosat. > > Source : Strait Times > >
