State postal company supports PT Elnusa

State postal company supports PT Elnusa

JAKARTA (JP): The state-owned telephone directory publisher,
PT Elnusa Yellow Pages, signed an agreement yesterday with the
state-owned postal company, PT Pos Indonesia, to support business
and to distribute phone directories through the postal system.

Under the five year agreement, signed by Pos Indonesia
President Cahyana Ahmadjayadi and Elnusa Yellow Pages President
Sofyan Rais, the postal firm will distribute Elnusa Yellow Pages'
telephone directories throughout the country.

Further, Pos Indonesia will enter post codes into Elnusa
Yellow Pages' data base as well as those of other businesses
which have yet to be determined.

Pos Indonesia, whose status was changed last month to make it
more profit-oriented, operates 4,758 post offices and 7,873
postal service outlets throughout Indonesia.

According to Cahyana, Pos Indonesia, which monopolizes the
country's letter mailing business, has 23,000 service points and
29,600 staff.

Meanwhile, Sofyan said that under a recent decree of the
Ministry of Finance, the state-owned domestic telecommunications
firm, PT Telkom, will soon acquire a 15 percent stake in Elnusa
Yellow Pages.

He said that Elnusa Yellow Pages is currently 30 percent owned
by the firm's pension fund foundation and 70 percent by PT
Elnusa, a subsidiary of the state-owned oil company Pertamina.

Within the next three years, Telkom will increase its
ownership to 51 percent, while the two existing owners will hold
the remaining interest, he said.

Sofyan said that Elnusa Yellow Pages' management would be
restructured in the wake of PT Telkom's participation.

He said Elnusa Yellow Pages, established in 1985, netted Rp 50
billion (US$22.2 million) in total sales and Rp 8.5 billion in
profit last year. (icn)