ID :
25665
Mon, 10/20/2008 - 21:57
Auther :
Shortlink :
https://www.oananews.org//node/25665
The shortlink copeid
PT TELKOM SEEKING STAKE IN IRAN'S TELECOM COMPANY
Jakarta, Oct 20 (ANTARA) - PT Telekomunikasi Indonesia Tbk (Telkom) is seeking to acquire shares in the Iranian state telecommuniations company.
"Telkom is ready to become its strategic partner. It is not yet certain how many shares we will acquire but if they (Iran) are willing to release up to 20 percent it is not impossible for us to participate," the company's chief commissioner, Tanri Abeng, said here on Monday.
He said the company would acquire the Iranian telecommunications company shares through PT Telkom Internasional Indonesia (TII), which is PT Telkom's subsidiary responsible for dealing with international technology and information service and telecommunications company acquisition.
He said TII had entered into a number of countries as consultants for development of telecommunications companies such as in Equador and a number of countries in the Middle East.
"The establishment of TII is part of the company's strategy to go international to increase its non-organic income growth," he said.
Tanri said now was the right time to enter Iran as the relations between the two countries were good.
He declined to tell the amount of investment made ready for the acquisition. He only said that the funds for it was part of the corporate interanl funds.
"Investment must be made upon an agreement by two sides but it must be done carefully because it involves a lot of funds," he said.
"Telkom is ready to become its strategic partner. It is not yet certain how many shares we will acquire but if they (Iran) are willing to release up to 20 percent it is not impossible for us to participate," the company's chief commissioner, Tanri Abeng, said here on Monday.
He said the company would acquire the Iranian telecommunications company shares through PT Telkom Internasional Indonesia (TII), which is PT Telkom's subsidiary responsible for dealing with international technology and information service and telecommunications company acquisition.
He said TII had entered into a number of countries as consultants for development of telecommunications companies such as in Equador and a number of countries in the Middle East.
"The establishment of TII is part of the company's strategy to go international to increase its non-organic income growth," he said.
Tanri said now was the right time to enter Iran as the relations between the two countries were good.
He declined to tell the amount of investment made ready for the acquisition. He only said that the funds for it was part of the corporate interanl funds.
"Investment must be made upon an agreement by two sides but it must be done carefully because it involves a lot of funds," he said.
