Dow Jones Newswires writes that Indonesian telecommunications, infrastructure, property and oil conglomerate, PT Bakrie & Brothers, along with several other shareholders, is looking to offload a combined 30% stake in national mobile operator Bakrie Telecom to repay debt. According to a senior official at Bakrie Group, Nirwan Dermawan Bakrie, talks have begun with a number of possible suitors to gauge interest in a potential deal. The official suggested SK Telecom of South Korea as one potential partner, although the Seoul-based group has denied holding any talks about a stake purchase.
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OVETEL Bakrie & Brothers leading push to sell 30% stake in Bakrie Telecom
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