Bambang's challenge

Article Abstract:

The enormous fortunes accumulated by Indonesian President Suharto's children through family favoritism raise questions about economic justice and what will happen when Suharto dies. Recently, Bambang Trihatmodjo received a free license for telephone services. He then sold a stake in his telecoms subsidiary to Deutsche Telkom for $600 million. Bambang, however, unlike his siblings, is courteous, accessible, and is trying to build a viable, competitive business, efforts rewarded by a Jakarta Stock exchange listing. Nonetheless, critics argue that Bambang makes business decisions strictly in his self-interest.

Finance, Behavior, Suharto, Family, Bimantara Citra P.T., Bambang Trihatmodjo

---

Communication gap

Article Abstract:

Jakarta, Indonesia, has an overloaded mobile telecoms system and this means that calls are difficult to make. Satelindo, the largest provider, tends not to respond to complaints. Telkomsel started operations in 1996 and provides cover for 75% of Jakarta. Exelcomindo is a third provider which started operations in Oct 1996. The company is using the expertise of Nynex, its foreign partner, in designing its network. Demand was underestimated in this market, and callers tend to make longer calls than is the norm in the US and Europe, which adds to the problem of overload.

Radiotelephone communications, Cellular and Other Wireless Telecommunications, Mobile Radio Services, Economic aspects, Wireless communications services, Jakarta, Indonesia

---

Wave of progress

Article Abstract:

Indonesia's telecommunications industry faces its largest shares float yet in Nov 1995 and the entry of several foreign companies with Indonesian partners. Telekomunikasi, or Telkom, hopes to raise $3 billion in its triple float, three times what Indosat raised, though that may be difficult given planned fundraising by Italian, Dutch, Spanish, and German telecommunications giants over the next year. The new overseas competitors are expected to raise the successful call ratio and upgrade the network, with few short-term profits.

Securities, Telekomunikasi

Similar abstracts:

• Abstracts: Milan plans utility listing. Communist opposition. Oil major for market
• Abstracts: The game changes. Law of the profits. Waiting to happen: aiding Cosmo Credit keeps the lid on Japan's financial crisis for now. But fundamental problems fester beneath the surface, and Tokyo must eventually face the music
• Abstracts: The regulatory arena. Fax Americana. Competing for cash

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.