PT Telekomunikasi Indonesia Tbk, through its subsidiary PT Telekomunikasi Indonesia International, or Telin, announced Nov. 24 that it has agreed to acquire a maximum 70% stake in TS Global Network Sdn Bhd, a Malaysian systems integrator and provider of satellite communications equipment and services.
The share sale and subscription agreement should allow TSGN to expand in Southeast Asia and also allow Telin to realize its goal of becoming a "global digital hub," Telin CEO Faizal Djoemadi said.
The deal is subject to regulatory approval.
