Bakrie Telecom to launch IPO

18 Nov 2005

According to reports in a local newspaper, Indonesian telco PT Bakrie Telecom has revealed plans to launch an initial public offering (IPO) next month and aims to be listed on the Jakarta Stock Exchange in early 2006. The company hopes to earn around INR750 billion (USD74.9 million) from the sale which it will use to expand its networks.

Indonesia