The companies have announced that PT Telekomunikasi Selular (Telkomsel), Singapore Telecommunications (Singtel’s) Indonesian affiliate, has agreed to merge with its parent company’s IndiHome broadband unit to form a new company valued at 58.3 trillion rupiahs ($3.9 billion), they said. The action is being taken as Telkomsel seeks to increase its presence in Indonesia’s fixed broadband market, which is among the …
