Tax amnesty boosts Telkom Indonesia share sale
Indonesia’s second-largest public company raised a more-than-expected $250 million on the back of improved market sentiment.
June 29, 2016
Telekomunikasi Indonesia (Telkom), an Indonesian telecom operator that is 53.9% owned by the government, last night raised Rp2.409 trillion ($234 million) from the sale of treasury shares — the third such deal in Indonesia and the largest so far.
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