Reuters - Indonesian Billionaire Buying Telkom's Pay-TV Unit
Indonesian billionaire Chairul Tanjung has agreed to buy an 80 percent stake in the country's second-biggest pay-TV operator, Telkomvision, heating up competition in the emerging pay television market currently controlled by another tycoon, Harry Tanoesoedibjo, writes Reuters. CT Corp, an investment holding company controlled by Tanjung, is in talks with Indonesia's biggest telecom firm, PT Telekomunikasi Indonesia to buy the stake in PT Indonusa Telemedia or Telkomvision, writes Reuters.
5 June 2013•2 mins read
