The Jakarta Post reports that Indonesian firm PT Dian Swastatika is buying a stake in local telecoms operator PT Smartfren Telecom (branded Smartfren), via an IDR1 trillion (USD110.7 million) mandatory convertible bonds deal. Both companies are affiliated to the Indonesian conglomerate Sinar Mas Group; Dian Swastatika’s operations are in the energy and infrastructure segments
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OVETEL Sinar Mas associate Swastatika to take stake in Smartfren, paper says
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