REPUBLIKA.CO.ID, JAKARTA -- PT Telekomunikasi Indonesia's (Telkom) president director Arief Yahya said that there was no urgency to buy back shares of PT Indosat Tbk because all facilities and telecommunication infrastructures have already owned by Telkom. Telkom as a state owned company has been ready to develop all services to community, including for national security with the acquisition of satellite by government.
"Indonesia absolutely must have satellites," Yahya said recently in Jakarta.
Telkom already have all infrastructure facilities, including fixed telephone, cellular, as well as satellite. Telkom now has two satellites, namely Telkom-1 and Telkom-2. The new satellite - Telkom 3 - will be launched in 2016. Yahya said that his company did not have a plan to buy back 35 percent of shares of SingTel in Telkomsel, Telkom's subsidiary.
"We have no plan. No problem, because we have owned all infrastructures," Yahya said.
The repurchase of Indosat shares is one of Jokowi’s efforts to use satellites in improving national defenses in future. In third presidential debate on Sunday, Jakarta governor said his administration might re-acquire a majority stake of Indosat, if its shares were available at a reasonable price.