Sinar Mas bought Bakrietel Share
The rumor that Sinar Mas wants to buy Bakrietel share was heard for a long time. However, both parties have been denied it frequently. Kontan Daily reported today that Sinar Mas has bought Bakrietel for 6.2% of share or equal to 1.76 billion of share. According to BEI data, Sinar Mas has done it last month.
If calculated according to the Bakrietel price during last November, then Sinar Mas has been invested around IDR 100 billion. After entering Bakrietel, then share composition of Bakrietel are Bakrie & Brother: 22.43%; Credit Suisse Singapore Branch: 8.08%; Sinar Mas: 6.2%; and the rest owned by public.
For your information, Bakrietel is a company which has a CDMA lisence under the product name: ESIA. Last year Bakrietel just won International Call Service Provider, and Bakrietel is about to win National Long Distance Call Service Provider.
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