9 May 2008
Singtel is deeply disappointed with the Central Jakarta District Court's ruling to uphold the KPPU decision.
The Court’s ruling is without any basis and we object strongly to it.
Singtel and Singtel Mobile do not own majority shares in any Indonesian company.
Further, neither Singtel Mobile nor Singtel controls Telkomsel. Telkomsel is majority-owned and controlled by PT Telkom. Singtel Mobile is only a minority investor in Telkomsel and Singtel does not own any shares in Telkomsel.
We also strongly disagree that there has been any form of anti-competitive behaviour on our part.
On the contrary, in the past few years, there has been a consumer surplus in the Indonesian cellular market.
We will examine the court's ruling in depth before deciding on our appeal to the Supreme Court.
