Telkom buy AdMedika IDR128.25 billion

PT Telekomunikasi Indonesia Tbk buy a 75 percent stake in PT Administrasi Medika, or AdMedika, for IDR128.25 billion, the company said in a filing to the Indonesia Stock Exchange
today.

Telkom still prepare the global bonds issuance at the same time of the rupiah bond issuance by Telekomunikasi Selular (Telkomsel) in semester I/2010.

Telkom and Telkomsel shortlisted underwriters include PT Danareksa Sekuritas, PT Bahana Securities, PT Mandiri Sekuritas, and PT Trimegah Securities Tbk. Telkom and Telkomsel allotted US$2 billion capital expenditure this year.

Telkomsel allocated US$1.3 billion capital expenditure or IDR13 trillion to build various supporting business infrastructures. Infrastructures which will be developed by Telkomsel include the 3G, 2G and information technology.