Government completes Telkom placement

and attracts a large number of new investors to the stock.

Although global equity markets remain turbulent and difficult, an accelerated share placement for PT Telkom enjoyed a remarkably smooth execution to completion on Monday night. Ironically, the 3% government divestment may have also benefited from the fact that some investors re-weighting from the scandal-plagued US view Indonesia as a safe haven to put funds to work.

About 50% of the Rp1.13 trillion $125 million deal comprised new investors and many were said to have participated because they felt they missed...

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