PT Bakrie Telecom Tbk pricing rights issue at level IDR225-300 per share unit with premium of the market price.
The rights issue scheduled in August here will use preemptive rights with 1:1 ratio. PT Telekomunikasi Indonesia Tbk as the standby buyer fo the rights issue still wants to possess 51 percent and Bakrie has yet to agree with it,
The 51 percent shares targeted by PT Te-lekomunikasi Indonesia Tbk (Telkom) is 51 percent of 9.79 billion shares or 34.38 percent shares of PT Bakrie and Brothers Tbk at Bakrie Telecom. Some other 65.62 percent shares are owned by public.
If the rights issue price of Bakrie Telecom is IDR225-300 per share, Bakrie and Brothers should prepare IDR2.20-2.94 trillion cash to perform its rights so as not to be diluted.
If the 51 percent rights issue of Bakrie Telecom from Bakrie Brothers is taken over by Telkom, the state firm here should prepare IDR1.12-1.50 trillion. When there is no public shareholder using their rights, then Telkom should prepare IDR8 trillion funds.
The 51 percent shares targeted by PT Te-lekomunikasi Indonesia Tbk (Telkom) is 51 percent of 9.79 billion shares or 34.38 percent shares of PT Bakrie and Brothers Tbk at Bakrie Telecom. Some other 65.62 percent shares are owned by public.
If the rights issue price of Bakrie Telecom is IDR225-300 per share, Bakrie and Brothers should prepare IDR2.20-2.94 trillion cash to perform its rights so as not to be diluted.
If the 51 percent rights issue of Bakrie Telecom from Bakrie Brothers is taken over by Telkom, the state firm here should prepare IDR1.12-1.50 trillion. When there is no public shareholder using their rights, then Telkom should prepare IDR8 trillion funds.
The transaction is likely to be executed in three phases. First, Bakrie Telecom has the rights issue which is then followed by Flexi Telecom spin off. After spin off completion, Bakrie Telecom then will acquire Flexi from Telkom.
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