Telkom's Pacnet Bid May Not Yield Expected Results

Telekomunikasi Indonesia (Telkom) has reportedly submitted a bid for submarine cable operator Pacnet as the Indonesian firm looks to reinvest profits generated from its domestic telecoms business. While acquiring Pacnet should boost Telkom's international recognition among other benefits, we are concerned about Telkom gaining significant exposure to the submarine cable industry, which is experiencing intense competition and declining prices.

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