Telkomsel potentially out of 3G bid

 

Telkomsel potentially out of 3G bid

September 19, 2012

Jakarta - Telkomsel, a subsidiary of PT Telekomunikasi Indonesia Tbk (TLKM), is in threat of not being able to participate in the 3G frequency project bid, following the bankruptcy ruling against the company from the Jakarta Commercial Court. For this reason, the Indonesian Telecommunications Regulatory Board (BRTI) suggests the Ministry of Communications and Informatics to postpone the bid.

“The bankruptcy is a big deal. It’s not just about Telkomsel unable to participate in the 3G tender, but also about the economy of a country. In regard to the 3G tender, BRTI suggests it to be postponed to the Ministry of Communications and Informatics until the bankruptcy problem is dealt with,” said a BRTI Telecommunications Regulation Committee member Nonot Harsono, as quoted by Investor Daily.

The Ministry of Communications and Informatics has completed the public review on three ministerial draft regulations in regard to the bid for the last two canals of the 3G frequency.

One of the ministerial draft regulations which are still undergoing public review contains a clause that stipulates that the participants of the 3G frequency bid must not be a bankrupt company.