FILE PHOTO: A man looks out of the window under a Singtel signage at their head office in Singapore February 12, 2015. REUTERS/Edgar Su
Singapore Telecommunications (Singtel) said on Thursday it is in talks to integrate PT Telkom Indonesia (Persero) Tbk’s fixed broadband business with PT Telekomunikasi Selular (Telkomsel).
“This (integration) represents a rare opportunity for Telkomsel to enter the high growth fixed broadband market in Indonesia with an industry leader that has some 70% share of market,” said Singtel, which owns a 35% stake in Telkomsel.
Reuters