Strategic partnership with Jasa Marga in fiber optic business
PT Jasa Marga Tbk (JSMR), state-owned toll road operator company, formally appointed TLKM as its partner in building a new subsidiary in fiber optic business. JSMR and TLKM are in talks about details of strategic partnership, where JSMR has allocated a portion of its budgeted capital expenditure amounting to Rp25tr. JSMR stated that TLKM is chosen for its reputation as a leading telecommunication company in Indonesia .
Tampilkan postingan dengan label 250; TP Rp8. Tampilkan semua postingan
Tampilkan postingan dengan label 250; TP Rp8. Tampilkan semua postingan
Minggu, 26 September 2010
Senin, 20 September 2010
DBS Telkom: Hold; Rp9,250; TP Rp8,500; TLKM IJ
Consolidate business to further focus on TIME
As a part of its commitment to focus on TIME business, TLKM will divest its 40% stake in Patrakom and 25% in Citra Sari Makmur (CSM) to consolidate corporate resources in satellite business. TLKM plans to develop satellite business specifically in very small aperture terminal (VSAT) through only one subsidiary, Metrasat. Thus, management chose to consolidate its businesses with affiliated companies where TLKM maintains full ownership to enable fast decision-making. CSM management stated that change of ownership as TLKM divest its stake would not affect the company’s business as well as data communication development plan.
As a part of its commitment to focus on TIME business, TLKM will divest its 40% stake in Patrakom and 25% in Citra Sari Makmur (CSM) to consolidate corporate resources in satellite business. TLKM plans to develop satellite business specifically in very small aperture terminal (VSAT) through only one subsidiary, Metrasat. Thus, management chose to consolidate its businesses with affiliated companies where TLKM maintains full ownership to enable fast decision-making. CSM management stated that change of ownership as TLKM divest its stake would not affect the company’s business as well as data communication development plan.
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