Telkom Buyback II Reached 49%

PT Telekomunikasi Indonesia Tbk (TLKM) is reluctant to control back some of its shares in a slow way. The state-owned telecommunication company has been offensively buying back its shares from the market. An officer of Investor Relations and Corporate Secretary of Telkom, Harsya Denny Suryo, explained that the company had done a buy back on 4 March. "We have bought back 1.5 million shares, " he said in an open information to Indonesia Stock Exchange two days ago. In this way the biggest telecommunication company in Indonesia has so far bought back 105.4 million of its shares. The number is almost equal to 49% shares that are allowed to be bought back. (Harian Kontan, pg 6, Harian Seputar Indonesia, pg 7)