Friday, June 29, 2007

UPDATE 1-Indonesia Telkom mulls acquisition, pays dividend

(Reuters) - State-run Telkom, the biggest company on the Jakarta Stock
Exchange with a market capitalisation of around $21 billion, did
not provide details on the target or the value of the potential
deal in its letter to the exchange on Friday.




"Telkom is reviewing and discussing the possibility of an
acquisition, in line with its strategic roadmap to achieve a
target of $30 billion market capitalisation by 2010," the
company said in the letter.


Read more at Reuters.com Mergers News

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