PT Telekomunikasi Indonesia Tbk, the nation' s largest government-owned telephone company, re-appointed Rinaldi Firmansyah as its president director in an extraordinary shareholders meeting last week.
Telkom, as the company is known, will hold an extraordinary shareholders meeting within a year to replace its management.
Former CEO Indosat Johnny Swandi Sjam, former CEO PT Telkomsel Kiskenda Suriahardja, former Vice CEO PT Perusahaan Listrik Negara Rudiantara, dan Director Enterprise dan Wholesale Telkom Arief Yahya are strong candidate for replace Rinaldi
Rinaldi became Telkom's president director in February 2007 after three years serving as the company as a finance director. His three-year term as president director expired this
year.
year.
Telkom and PT Bakrie & Brothers Tbk will become the standby buyer for PT Bakrie Telecom Tbk rights issue, which is scheduled for August 2010.
The action was a starting point for the consolidation of Telkom-owned fixed wireless access, CDMA-based telephone service Flexi and Bakrie Telecom's Esia.
Telkom posted a net profit of 11.3 trillion rupiah ($1.2 billion) in 2009, a 6.7 percent increase from a year earlier. Telkom's shareholders today also approved a final dividend payout amounting to half of last year's net profit, or 261.41 rupiah a share. The dividend will be paid on July 26.
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