Govt to appreciate KPPU`s decision on Temasek

Temasek Group, through its subsidiaries Singapore Telecommunications Ltd (SingTel) and Singapore Technologies Telemedia Pte. Ltd. (STT), is controlling shares in Telkomsel and Indosat.

In its investigation document, the KPPU had concluded that Temasek may have violated the anti monopoly law.

If found guilty, Temasek must stop its cartel-like practices by disposing of its stake in Indosat or Telkomsel, and pay a fine of Rp1 billion to Rp25 billion and compensation to the state