CamGSM deal nixed by Telkom
A TelekomunikasiI Indonesia official said yesterday the company had cancelled plans to acquire a majority stake in Cambodian mobile operator CamGSM, just a month after officials at CamGSM parent Royal Group claimed a deal was imminent. Telkom finance director Sudiro Asno made the statement in Jakarta, saying negotiations were off as a result of price differences… Indonesian media last month reported a possible acquisition was still on the table, but was snagged in a government-approval process at Indonesia’s Ministry of State Owned Enterprises. Royal Group chairman Kith Meng said he was unaware of Telkom’s decision to drop the acquisition when reached by phone late yesterday…
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