11 Feb '11, 3am

Temasek pays $1.7 million Indonesia telecom fine

Temasek pays $1.7 million Indonesia telecom fine

Mr Goh Yong Siang, Senior Managing Director for Strategic Relations at Temasek Holdings, said: 'Temasek has informed the KPPU and the Central Jakarta District Court that the Indonesia State Treasury has acknowledged receipt of Temasek's payment of the KPPU fine. As a long-term investor with a policy of complying with laws and regulations in all relevant jurisdictions, Temasek made the payment in compliance with the recent Indonesia Supreme Court ruling, although Temasek has never been involved in the operational or pricing decisions of PT Telkomsel or PT Indosat, and has not contravened Indonesia's anti-monopoly laws.'

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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