{
    "success": true,
    "data": {
        "id": 1186674,
        "msgid": "telkom-sets-up-new-joint-venture-1447893297",
        "date": "1995-09-29 00:00:00",
        "title": "Telkom sets up new joint venture",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Telkom sets up new joint venture JAKARTA (JP): State-owned domestic telecommunications operator PT Telkom and four other firms agreed yesterday to form a joint venture company to provide satellite-based telecommunications services for oil industry operators. Telkom's president, Setyanto P.",
        "content": "<p>Telkom sets up new joint venture<\/p>\n<p>JAKARTA (JP): State-owned domestic telecommunications operator<br>\nPT Telkom and four other firms agreed yesterday to form a joint<br>\nventure company to provide satellite-based telecommunications<br>\nservices for oil industry operators.<\/p>\n<p>Telkom's president, Setyanto P. Santosa, said after signing<br>\nthe joint-venture agreement that the new firm, called PT Patra<br>\nTelekomunikasi Indonesia, will be 40 percent owned by PT Elnusa,<br>\na subsidiary of the state-owned oil company Pertamina, 30 percent<br>\nby Telkom, 10 percent by the state-owned international<br>\ntelecommunications provider PT Indosat, 10 percent by PT Humpuss<br>\n-- a diversified company owned by businessman Hutomo (Tommy)<br>\nMandala Putra -- and 10 percent by PT Panutan Duta, a subsidiary<br>\nof Panutan Group, which is controlled by Sigit Harjojudanto,<br>\nTommy's elder brother.<\/p>\n<p>Setyanto said the new joint venture, nicknamed Patra Komindo,<br>\nwill design, install, operate and maintain telecommunications<br>\nsystems and facilities for the oil industry, using very small<br>\naperture terminal (VSAT) technology.<\/p>\n<p>Its services will include the provision of data and voice<br>\ncommunications with a capacity which can be configurated<br>\nflexibly.<\/p>\n<p>The services are expected to help oil companies reduce<br>\noperating costs, which will in turn improve efficiency.<\/p>\n<p>Telkom also signed an agreement yesterday with Elnusa to<br>\nacquire a stake at its subsidiary PT Elnusa Yellow Pages, the<br>\npublisher of telephone directories.<\/p>\n<p>Under the agreement, Telkom will gradually acquire 51 percent<br>\nof Elnusa Yellow Pages shares between now and 1999.<\/p>\n<p>Elnusa Yellow Pages is currently 70 percent owned by Elnusa<br>\nand 30 percent by the pension fund of its employees.<\/p>\n<p>Setyanto said that after the completion of the share<br>\nacquisition in 1999, the directory publisher will be renamed PT<br>\nInfonusa.<\/p>\n<p>Telkom currently holds shares in several leading<br>\ntelecommunications firms, including PT Satelindo, PT Ratelindo,<br>\nPT Pasifik Satelit Nusantara, PT Telekomindo, PT Lintas Artha, PT<br>\nKomselindo and PT Telkomsel.(icn)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/telkom-sets-up-new-joint-venture-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}