Telkom Agrees to Acquire AdMedika for Rp 128 billion
March 01, 2010
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PT Telekomunikasi Indonesia, the country’s biggest telecom company, said on Monday that it had agreed to buy a 75 percent stake in PT Administrasi Medika, an online health-service application company. Hendra Purnama, Telkom’s corporate secretary, said the price was Rp 128 billion ($13.8 million).
Rinaldi Firmansyah, Telkom’s president director, earlier said the deal would help boost the company’s revenues as it expanded into new sectors such as selling online services and applications. Rinaldi said Telkom was also studying two other possible acquisitions in the information-technology and media sectors.
JG
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