INDONESIA
- Share via
From Times Staff and Wire Reports
Telecommunications Shares to Be Offered: The country may sell U.S. and Canadian investors about $1 billion of stock in the state telecommunications company. Indonesian officials filed a statement last week with the Securities and Exchange Commission to sell Series B shares in Perusahaan Perseroan, otherwise known as P.T. Indonesian Satellite Corp., or Indosat. The offering is part of a larger global stock sale planned for later this year by Indosat and the Indonesian government, which now owns all of Indosat’s 931.9 million shares outstanding.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
