Shares of Tower Bersama Infrastructure (TBIG), controlled by Edwin Soeryadjaya, surged 4.42% today on the signing of ‘strategic partnership’ with Telkom (TLKM) in PT Dayamitra Telekomunikasi (Mitratel). Telkom agrees to exchange its 49% shares in Mitratel with minority shareholding (5.7% enlarged share capital) of TBIG. Why Telkom board of directors pushed this during the political transition?
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