Telkom looks to offload two non-core subsidiaries

8 Oct 2009

Indonesian telecoms group PT Telekomunikasi Indonesia (Telkom) yesterday announced it is looking for buyers for its PT Citra Sari Makmur (CSM) and PT Pasifik Satelit Nusantara units. Telkom IT director Indra Utoyo is quoted by The Jakarta Post as saying the divestment is part of the group’s plan to focus on businesses in which it has majority ownership. Telkom currently controls 25% of shares in land network operator CSM and 35% in satellite operator PSN. The paper added that Telkom recently divested 40% ownership in terrestrial network provider PT Patra Telekomunikasi Indonesia (Patrakom).

Indonesia, Telkom Indonesia