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Indonesia Phone Card News / Indonesia Telecom News
Emirates Telecom to buy into Indonesia Excelcom

Date: 12/11/2007 12:57:53 PM

DUBAI, Dec 11 (Reuters) Emirates Telecommunications Corp ETEL.AD (Etisalat), the secondlargest publicly traded Arab telecom firm, said it would buy 16 percent of Indonesias PT Excelcomindo Pratama Tbk EXCL.JK for $438 million.

Excelcomindo is Indonesias thirdlargest telecoms company. The transaction would be completed as early as this month, Etisalat said in a statement on Tuesday.

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Source: http://www.reuters.com/article/technologymediatelcoSP/idUSL1165155920071211


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