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Indonesia's Telkomsel wins spectrum for $74 million

Mobile unit of state-owned company cements dominance in archipelago

JAKARTA -- The mobile unit of Indonesia's state-owned telecommunications company, Telekomunikasi Indonesia, won a spectrum for 1 trillion rupiah ($74 million) as it aims to extend its dominance in the country. 

The Ministry of Communications and Information Technology on Tuesday announced Telekomunikasi Selular, or Telkomsel, as the winner of an auction of a 30-megahertz block on the 2,300 megahertz band. The move will expand Telkomsel's network capacity by 30%, according to Lucky Ariesandi, an analyst at Yuanta Securities.

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