Telkom won't sell subsidiaries

Telkom won't sell subsidiaries

JAKARTA (JP): State-owned telecommunications company PT Telkom
denied on Thursday rumors that it would sell its shares in nine
of its subsidiaries.

Telkom's investor relations unit head Setiawan Sulistyono said
in a statement that the company has no intention of selling its
stakes in PT Citra Sari Makmur, PT Pasifik Satelit Nusantara, PT
Telekomindo Primabhakti, PT Batam Bintan Telekomunikasi, PT
Komselindo, PT Satelindo, PT Telesera, PT Mobisel and PT Menara
Jakarta.

Earlier, Telkom's director of operations and marketing
Komarudin Sastrakoesoemah confirmed that the company intended to
sell some of its subsidiaries as part of its corporate plan, but
declined to elaborate further.

The Jakarta Post previously quoted Antara news service as
reporting that Telkom would divest its shares in the nine
companies. (tnt)