Telkom aborts tower acquisition plan

7 Dec 2009

Indonesian telecoms operator Telkom has reportedly abandoned plans to purchase PT Solusindo Creative Pratama (Indonesian Tower) after both sides failed to reach agreement on the sale terms. Antara News reports that Telkom’s proposed acquisition of 80% of Indonesian Tower was formally cancelled yesterday, although it is not expected to unduly affect the smaller company’s business operations going forward.

Indonesia, Telkom Indonesia