Telkom's multimedia venture

Telkom's multimedia venture

BANDUNG (JP): PT Telekomunikasi Indonesia (Telkom), the
national telecommunications company, and three subsidiaries of
publicly-listed Bimantara Citra have signed an agreement to form
a multimedia company.

Telkom announced yesterday the new company, PT Telemedia
Indonesia, would provide news, videos, sound, home shopping and
games on demand.

Cellular telecommunications provider PT Telekomindo Prima
Bhakti, private TV station PT Rajawali Citra Televisi Indonesia
(RCTI) and PT Asriland are the other partners in the venture.

Bambang Suselo, Telkom's corporate secretary, said Telkom
would have a 35 percent stake in the company, which would have
paid-up capital of Rp 2.5 billion (US$1.05 million).

Telekomindo would own 25 percent, RCTI would own 20 percent
and Asriland would own 20 percent, according to the agreement.
(17/hen)