Telkom Indonesia unit Mitratel aims a maximum US$1.68 billion IPO
Workers of the Indonesia's leading telecommunication company PT TELKOM monitor the screen at the monitoring unit in Jakarta April 15, 2009. TELKOM and Orange, one of the world's leading telecommunications operators, officially signed an agreement on Wednesday to provide global link for their customers in Indonesia. REUTERS/Crack Palinggi (INDONESIA BUSINESS)
JAKARTA : PT Dayamitra Telekomunikasi (Mitratel), a unit of Telkom Indonesia, plans to raise a maximum 24 trillion rupiah (US$1.68 billion) in an initial public offering, Telkom's chief executive told parliament on Wednesday.
The country's biggest telco tower operator has done its book-building and is aiming to launch the offering on Nov. 16-18, Telkom CEO Ririek Ardiansyah said.
(US$1 = 14,325 rupiah)
(Reporting by Fransiska Nangoy; Editing by Martin Petty)
