Indonesia: Investment in telecom industry seen at $3.6bn

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30 April 2010

January 23, 2010
Indonesia’s Telkom plans more than $107m in acquisitions

Indonesia’s telecommunication industry will be worth up to 30 trillion rupiah (US$3.6 billion) in investment within the next two years, the Jakarta Post quoted a minister as saying.

Communication and Information Technology Minister Tifatul Sembiring said Wednesday undersea cable and cellular phone manufacturing would emerge as the biggest fields for foreign investment.

“We have asked Nokia to build a factory here, as they did in China and India,” Tifatul was quoted by tempointeraktif.com.

The Finnish cellular giant considers Indonesia a good prospect for investment, Tifatul added.

The minister said he estimated the information technology business in the country to be worth 300 trillion rupiah per year.

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