Telkom may become a holding company by 2012

25 Nov 2010

Indonesia’s largest telecoms group PT Telekomunikasi Indonesia (Telkom) may transform itself into a holding company by 2012, Vivanews quotes Telkom chief commissioner Tanri Abeng as saying. ‘In the next two years, Telkom will have [become] the largest holding company,’ the official said, as Telkom looks to achieve its goal of establishing subsidiaries on towers, satellites, and communication services. As part of this plan Telkom is considering options for an initial public offering (IPO) of its PT Dayamitra Telekomunikasi (Mitratel) subsidiary, which will later focus on telecommunication towers. Telkom is currently negotiating with SingTel regarding the restructuring of the telecom tower management of the company’s cellular business by the unit. As such, Mitratel will be responsible for day-to-day care of Telkomsel and TelkomFLEXI base transceiver stations (BTSs). Mitratel is fully owned by Telkom while SingTel controls 35% of Telkomsel shares.

Indonesia, Telkom Indonesia