Telkom secures business<\/p>\n
JAKARTA (JP): The state-owned domestic telecommunications
\noperator PT Telekomunikasi Indonesia (Telkom) has secured its
\nbusiness of long distance calls for the next 10 years, Minister
\nof Tourism, Post and Telecommunications Joop Ave said.<\/p>\n
\"I have set a decree which extends rights of exclusivity for
\nTelkom to operate the long distance phone call business for 10
\nyears,\" he said in a hearing with members of the House of
\nRepresentatives yesterday.<\/p>\n
He said that long distance calls are the major business which
\nmakes up the majority of Telkom's revenues.<\/p>\n
\"Unlike the international phone call business, which is now
\noperated by state-owned PT Indosat and a private operator, the
\ngovernment licenses only Telkom to operate long distance calls.\"<\/p>\n
Under a decree, the government has extended 10-year exclusive
\nrights to Indosat and the private-owned firm PT Satelit Palapa
\nIndonesia (Satelindo) to deal with international calls until
\n2005. According to the decree the government may license another
\ncompany after the 10-year period.<\/p>\n
Joop also said yesterday that the 10-year long-distance call
\nmonopoly is strategic for Telkom, which is preparing itself to
\nfloat its shares on foreign stock markets.<\/p>\n
Telkom, which plans to list its shares on the New York and the
\nLondon stock exchanges later this year, also plans to trade
\nits shares on other stock exchanges, including Tokyo and
\nAmsterdam, without listing. (icn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/telkom-secures-business-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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