|
Indosat: third time lucky for the |
In December, observers were shocked by the actions of the Indonesian government. But for once for all the right reasons. It had managed to sell off a 41.9% stake in telecommunications operator PT Indosat to Singapore Technologies Telemedia (STT) for $631 million without any glitches.
“I’m cynical about most things that go on here. But the transaction progressed remarkably smoothly and I think the market is in a state of disbelief,” says Paul Dammkoehler, co-head of equity research at Bahana Securities in Jakarta.
Thanks for your interest in Euromoney!
To unlock this article:
