(Reuters) -Telkom Indonesia agreed on Tuesday to partially spin off its wholesale fibre connectivity business to its subsidiary Telkom Infrastruktur Indonesia in a deal valued at 35.787 trillion rupiah ($2.16 billion). The transaction is a material and affiliated party transaction under domestic rules and will have no significant impact on the financial conditions of the company, Telkom Indonesia said in a statement. The spin-off will help improve business focus and optimize the utilization of fibre optic network assets. ($1 = 16,570 rupiah) (Reporting by Rishav Chatterjee and Sneha Kumar in Bengaluru; Editing by Alan Barona and Sherry Jacob-Phillips)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
London (PA Media/dpa) - Taking the stairs could slash the risk of an early death, according…
From his home studio in Minneapolis to his final tour: Prince’s new posthumous album features…
नई दिल्ली,17 अगस्त: भारत मंडपम, नई दिल्ली में 12 से 15 अगस्त तक आयोजित भारतीय…
नई दिल्ली,17 अगस्त: भारत मंडपम, नई दिल्ली में 12 से 15 अगस्त तक आयोजित भारतीय…
Berlin (dpa) - Most people probably recall shrill childhood orders to sit up straight - directives that…
Washington (dpa) - As middle age spreads, many people face the disappointment and discomfort of…