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Singtel in talks to integrate Telkom Indonesia's fixed broadband business with Telkomsel

Reuters SG

March 30 (Reuters) - Singapore Telecommunications (Singtel) said on Thursday it is in talks to integrate PT Telkom Indonesia (Persero) Tbk's fixed broadband business with PT Telekomunikasi Selular (Telkomsel).

"This (integration) represents a rare opportunity for Telkomsel to enter the high growth fixed broadband market in Indonesia with an industry leader that has some 70% share of market," said Singtel, which owns a 35% stake in Telkomsel. (Reporting by Harish Sridharan in Bengaluru; Editing by Subhranshu Sahu)