Flashback of Telkom Go Public Struggle

By : Wiyanto Dan Aldo Bella Putra | Friday, February 16 2018 - 23:00 IWST

Buku Untold Story IPO Telkom di NYSE dan BEJ
Buku Untold Story IPO Telkom di NYSE dan BEJ

INDUSTRY.co.id - Jakarta - PT Telekomunikasi Indonesia Tbk appreciated the presence of Untold Story IPO Telkom book on NYSE and Indonesia Stock Exchange. In it is told about Telkom's journey that will be floored in American and Indonesian stock exchanges.

President Director of Telkom Indonesia Alex J Sinaga said that Telkom can dual listing through a long and winding process that even almost canceled due to political power at the time.

"Telkom's IPO, which was implemented 22 years ago, is one of the factors driving Telkom to grow and develop IPO into an important momentum recorded in gold in the history of Telkom," he said in Jakarta on Thursday (15/2/2018) night.

The book by Setyanto P Santoso, Telkom's President Director for the period of 1992-1996, reveals that the cancellation could make Telkom's officials disappear. If the cancellation happens, it will not only harm Telkom but also Indonesia will be destroyed in world capital market.

"The cancellation plan is in the last days leading up to the listing," he said.

Setyanto at that time immediately  Menristek BJ Habibe to give an explanation to President Soeharto in order to avoid a cancellation because then President Soeharto strongly believe and follow his suggestions.

BJ Habibie at the endorsement book stated that he helped persuade Pak Harto to keep Telkom's IPO running. "Thank God we can go public according to plan, thanks to Mr. Setyanto and Telkom team who are struggling to realize their intentions," he said.

As the former President of the 3rd, Habibie continued to benefit Telkom's IPO is very large because Telkom shares sold for 1.2 billion paid in rupiah currency Rp4.063 trillion and strengthen the rupiah at the level of Rp7.500 at that time.

News Comment

Today's Industry

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Images By : Freepik

Jumat, 13 September 2024 - 15:37 WIB

Why Airbnb Become Popular in 2024?

Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Flag of the United Nations Organization.

Kamis, 15 Agustus 2024 - 14:26 WIB

Modena Officially Becomes a Member of the UN Global Compact

Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.