Telkom postpones subsidiary sale

Bisnis.com,12 Jul 2011, 04:32 WIB

JAKARTA: PT Telekomunikasi Indonesia Tbk postponed the sales of its two subsidiaries, PT Patra Telekomunikasi Indonesia (Patrakom) and PT Citra Sari Makmur (CSM) due to deadlock negotiation with potential investors. Telkom plans to release 40% of Patrakom share.The price offered was too low, Telkom President Director Rinaldi Firmansyah told Bisnis.Patrakom and CMS are Telkom subsidiary on satellite-base data communication. (ray)(t05/msw)

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