Telkom Expanding Overseas

PT Telekomunikasi Indonesia (TLKM IJ, BUY, TP: IDR3,200) through its subsidiary of Telekomunikasi Indonesia International Australia Pty Ltd, acquired 75% of Contact Centres Australia (CCA) for AUD11 million. CCA is a business process outsourcing company (BPO) based in Sydney. On the other hand, TLKM also has developed a joint venture with Telstra Corporation Ltd for Network & Application Services (NAS) provider business with TLKM owning 51% shares.