Telkom shares for Japan

Telkom shares for Japan

TOKYO (AFP): Indonesia's PT Telkom plans to raise up to US$4
million in Japan though a public share offering lead managed by
Nomura Securities Co. Ltd. and Daiwa Securities Co. Ltd., Jiji
Press reported yesterday.

The news agency said the Indonesian state-owned
telecommunications carrier would become the first first Asian
company to publicly offer shares in Japan.

Telkom is to be listed in New York, London and Jakarta in
November and expects to raise $3 billion from the global
offering, Jiji said.