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.