Wednesday, August 27, 2008

Fren and Esia Owners Negotiate over Shares Sales and Purchase

The management of PT Global Mediacom Tbk says the owners of PT Mobile-8 Telecom Tbk and PT Bakrie Telecom Tbk (BTEL), the operator of Esia, have started talking about shares sales and purchase transaction.
As of July 31, 2008, Global Mediacom controlled a 66.81% stake in Global Mediacom, the provider of Fren phone service, Qualcomm Incorporated held a 5.01% stake, and the public seized a 28.18% stake.

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