PT Telkom pays $16 million for Tomen (Indonesia)
July 15, 2005
-
State-owned telecommunications company PT Telkom has agreed to pay an amount of $16.2 million for Tomen's 9.68 per cent stake in PT Daya Mitra Telekomunikasi (DMT).
DMT is Telkom's joint operation partner for fixed line telephones in Kalimantan. A sale purchase agreement has been signed with Tomen. However, payment will be made only on March 26 next year. The deal will make Telkom a 100 per cent owner of DMT.
Share:
- Most Viewed
- Most Rated
- Most Shared
- Related Articles
- Sterlite Technologies announces results ...
- Margins Under Pressure - Bharti and Idea...
- GTL Limited reports 26 per cent fall in ...
- Sify Technologies Limited reports third ...
- Financial briefs of March 2011
- Rush for Funds - 3G and BWA auctions spu...
- Spice Group plans to raise $ 1 billion t...
- Spice Mobility Limited plans to transfer...
- MTNL posts its results for the first qua...
- Banglalink raises $102 million through c...
No Most Rated articles exists!!
