Telkom Indonesia targets 25%-30% stake in 2degrees

28 Nov 2014

PT Telekomunikasi Indonesia (Telkom), Indonesia’s largest telecoms company, plans to acquire a stake of between 25% and 30% in New Zealand mobile operator 2degrees, Indonesian business journal Investor Daily reports. The article, which quotes Telkom finance director Honesti Basyir, notes that the Indonesian firm is currently performing due diligence on 2degrees, and hopes to complete the transaction by the end of the year.

New Zealand, Telkom Indonesia, Two Degrees Mobile (2degrees)