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Altimo confirms interest in Indonesian mobile market, possible 
contender for Telkomsel or Indosat



Altimo, the telecom arm of Russian private Alfa Group, has confirmed 
interest in the Indonesian mobile market, reported Kommersant, 
referring 
to an Altimo statement. This information came in the middle of a 
feature 
report, which said that the Indonesian government has ordered the 
Singaporean investment fund, Temasek, to divest its stakes in 
Indonesian 
telecoms Telkomsel or Indosat, within the next two years. <br>

In a part of the report, Kommersant referred to a Singaporean paper 
The 
Straits Times. It wrote that the decision of the government anti-
monopoly 
regulator (KPPU) was initiated by Altimo, which was hoping to 
convince the 
Singaporean government to buy Indosat from Tamasek, and re-sell it to 
Altimo. Altimo has not commented on the news, but confirmed interest 
in 
the Indonesian mobile market, Kommersant reported. <br>

The paper also cited experts, who named Altimo as a main contender 
for one 
of Indonesian mobile telecoms. An analyst from Russian AK Bars 
Finans, 
cited in the report, has not ruled out the possibility that Altimo 
could 
be sold a stake in one of the Indonesian operators directly, and not 
via a 
tender.

AK Bars Finans has valued 42% in Indosat at about USD 2.5bn, and 35% 
in 
Telkomsel at USD 1.8bn, the report noted.

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