PT Telkom Indonesia

PT Telkom in Talks to Buy into 2degrees

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Indonesia’s PT Telkom is reportedly in talks to acquire a 25-30% stake in New Zealand mobile operator 2degrees as part of its foreign expansion plans.

The Indonesian-language Investor Daily cited Telkom finance director Honesti Basyir as stating that the company is currently conducting due diligence on the proposed acquisition.

Assuming the deal checks out, it is expected to close by the end of the year, the report states.

Telkom was reported to be pursuing an acquisition of a substantial minority stake of a New Zealand operator in October.

The company declined to name its target at the time, but media reports speculated that it was incumbent operator Spark. Original post at Telecom Asia

Wahengbam Rorrkychand

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