Shares of Indosat (ISAT) collapsed 13.56% to Rp1,945 Thursday (Jan 10) after management of the company dismissing speculations about acquisition of majority stake by Vietnam Telecom (Viettel). Indosat, the second largest telecom carrier, is currently valued Rp10.6 trillion only, nothing compared to Telkom (TLKM)—-Rp376.44 trillion.
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