Synergy Telecom Flexi Kaji Bids

PT Bakrie Telecom Tbk (BTEL) admitted to study the formation of synergies with Flexi, a unit of PT Telekomunikasi Indonesia Tbk.

“We also reviewed, but there is no material thing that can be delivered,” said Director of Bakrie Telecom Rahmat Junaedi in Jakarta, Wednesday, June 16, 2010.

However, he added, the problem is still too early to tell. In fact, it does not discuss this issue in the General Meeting of Shareholders today. “We do not discuss it today,” said Rahmat.

Previously, PT Telekomunikasi Indonesia Tbk middle of reviewing the best consolidation Code Division Multiple Access (CDMA) with Bakrie Telecom. “We’ll see whether mergers and acquisitions,” said President Director of Telkom Rinaldi Firmansyah.

Mergers, he said, possible because it does not require funding. But for this process, Telkom Flexi CDMA division, must first form a Limited Company. “But if the choice of acquisition, although no funds but we are ready,” said Rinaldi.

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