Hope Telkom to buy back 35% of the hands of SingTel's Telkomsel stake has not been dashed. Not to be half-hearted, all the shares it wanted to be taken back to establish itself as the Indonesian mobile operator.
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| Telkom |
Rinaldi Firman, President Commissioner of Telkomsel, as well as Telkom CEO - owner of 65% of Telkomsel - insisted there was no concrete corporate action taken by his party to take action on the buyback of 35% ownership of SingTel's Telkomsel.
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| Telkomsel |
"If asked to I would want. But we need to ask first to SingTel, what they want to sell. If possible, we do not half-hearted wants. All or none at all," Rinaldi said on the sidelines of the celebration of 100 million subscribers SingTel, in Ritz Carlton, Pacific Place, Jakarta, Tuesday (25/04/2011).
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| SingTel Singapore |
If hope this buyback received positive response from SingTel, said Rinaldi, Telkom will seek funding. "Telkom is currently no (funds). (Stay), we find the money," he said.
Telkom itself this year to spend as much as Rp 3 trillion to buy back public shares of 2.1%. However, the proposed public stock buyback, said Rinaldi, must wait for approval from the General Meeting of Shareholders (GMS) nearby.
[via:detikinet]
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