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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1649 |
Essay's paper body
Excelcomindo is controlled by PT Telekomindo Primabhakti with a 60 percent stake. The rest is split up between Nynex Indocel Holding Sdu with 23.1 percent of shares, Asia Infrastructure Fund Ltd (12.7 percent) and Japan's Mitsui & Co (4.2 percent).
Both Telstar and Excelcomindo are keeping mum about the negotiations but media speculation last week caused Telstra shares to fall to $4...
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This is no reflection on the wisdom of bidding for such a chance for regional expansion, but more a reflection of analysts concerns that, as Telstra looks west, rivals are taking its share of the Australian market.
Whoever wins control of Excelcomindo will have to contend with Singaporean players who were first to enter Indonesia to capitalize on its fast-growing mobile-services market...
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