The country's largest telecommunications company PT Telkom said it will set aside Rp20 trillion ($2.2 billion) for capital spending in 2008, Asia Pulse reported Tuesday (8/1/08).
Around 5% of the fund will be used for business innovation and to acquire information technology, company vice president Edy Kurnia said.
Kurnia said some of the funds will be borrowed but internal funds will make up the largest portion.
He said the state-owned company will build 3,000 new base transceiver stations (BTS) this year.
He also said Telkom is finalizing negotiations on the acquisition of PT Sigma Cipta Caraka and the final deal is expected it be signed in mid February.