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Telkom aborts TeleGuam acquisition

2016-06-02 21:52:00| Telecompaper Headlines

(Telecompaper) Indonesian operator Telekomunikasi Indonesia (Telkom) has announced it will terminate its agreement to acquire shares in AP TeleGuam from Japanese private equity company Advantage Partners, the Nikkei reports. According to a Telkom spokesperson, the decision follows the company's failure to obtain approval from US regulators. The transaction was first announced in June 2015. According to a Telkom stock exchange filing, the termination of the deal will have no impact on the Indonesian company's operational activities or financial condition.

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Category:Telecommunications

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