Telkom offer is shadowed by unsigned contracts
Article Abstract:
The planned global stock offering of PT Telekomunikasi Indonesia (Telkom) in Nov. 1995 may be delayed because the company's build-operate-transfer contracts with five consortia were not signed on schedule on Sep. 27, 1995. The delay could cause investors to lose interest in the stock offering, which Telkom expects to raise $2.5 billion. The contracts will allow the consortia to run the domestic telephone service nationwide except for Jakarta and East Java until Jan. 1, 2011. The planned stock offering in Jakarta, New York and London's stock exchanges will be one of the biggest in the world for 1995.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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China signs U.K. cable deal; British telecom firm aims to protect market hold
Article Abstract:
A memorandum of understanding between China's Ministry of Posts and Telecommunications and Cable & Wireless PLC for future joint ventures is expected to further cement the century-old alliance between the UK company and China. A recent joint venture was forged by Cable & Wireless amd its subsidiaries with the Ministry of Posts and Telecommunications and Shanghai Posts and Telecommunications in 1995. The deal was clinched at a time when the UK firm earnestly wants to protect its hold on Hong Kong's telecommunications market.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Bangkok says contracts will wait until after vote
Article Abstract:
Lucrative government contracts are not expected to be awarded in Thailand until after the Jul. 2, 1995 elections. Abhisit Vejjajiva, deputy secretary general to Prime Min. Chuan Leekpai discloses that among the projects affected is the plan to install 1.9 million telephone lines in the country by 1996. The project, estimated to cost some 57 billion baht ($2.3 billion), has been put on hold despite earlier government approval to award contracts to two private firms.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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