Indonesia's top telecom acquires Malaysian satellite company

Telekomunikasi eyes regional expansion of enterprise business

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ERWIDA MAULIA and WATARU SUZUKI, Nikkei staff writers

JAKARTA -- Telekomunikasi Indonesia, the country's largest telecommunications company, announced on Friday it has agreed to acquire a maximum stake of 70% in Malaysian satellite company TS Global Network for 108.5 million ringgit ($26 million).

TSGN is the largest provider for VSAT -- very small aperture terminal -- services, a satellite communications system for home and business users in Malaysia.

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