Temasek loses Indonesia competition appeal
Singapore SWF Temasek Holdings has lost its final appeal before Indonesia's Supreme Court in an anti-monopoly case concerning its positions in cellular providers PT Telekomunikasi Selular (Telkomsel) and PT Indosat.
An original Supreme Court rulling of September 2008 held that Temasek had used its indirect holdings in both entities to dictate cellular pricing. A Temasek entity sold out of Indosat soon after the original...
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