JAKARTA (Yosefardi) – PT Telekomunikasi Indonesia Tbk (TLKM) or Telkom cancels its acquisition plan over 25-30% stake of Two Degrees Mobile Ltd (2Degrees), the third largest Telco operator in New Zealand due to price concern.
Telkom then now focuses to seek other casino online telco operators to be acquired in Asia and Middle East. It targets to expand to 10 countries.
2degrees suffered loss of US$35.9 million in 2013 on revenues of US$263.1 million.
TLKM targets 10% revenue growth for 2015, to Rp100 trillion, compared to estimated 7-8% for last year. It targets to make cost efficiency in operational by 20% this year.