Case number: 107-0516-001
Case Author: Andre Panggabean; Mirna A. Pulungan; Parulian Sihotang
Course Major: Finance
Related Topics: Investment Management
Teaching Note Availability: —
On 16 December 2002, the Government of the Republic of Indonesia (“Government”) declared Singapore Technologies Telemedia Pte., Ltd. (“STT”) the winning bidder for the divestment of 41.9% shares of the Government in PT Indonesian Satellite Corporation Tbk. (“Indosat”). STT utilized its subsidiary Indonesian Corporation Limited (“ICL”) to purchase the shares. This divestment decision attracted various reactions from the public as well as various institutions within the government.
Purchase Case Study
Published at : Updated