State telco operator Telkom Indonesia (TLKM), or Telkom, is set to spin off Indihome business segment, valued Rp58.25 trillion, to merging it with PT Telekomunikasi Selular (Telkomsel), a subsidiary of TLKM. The transaction lifts Telkom’s ownership in Telkomsel, which follows XL Axiata (EXCL) in becoming a Fixed Mobile Convergence (FMC) player.To subscribe please click here
