The chairman of PT Telekomunikasi Indonesia (Telkom Indonesia), Jusman Syafii, has told Dow Jones Newswires that his firm has not submitted a bid to buy the undersea cable operator Pacnet Limited, scotching earlier press rumours that a deal is in place. The official declined to provide full details, but did say: ‘We're just assessing , but there's been no decision and we haven't yet submitted a bid.’ Last week, Reuters reported that Telkom, Indonesia's largest telecommunications firm by assets and subscribers, submitted a bid to buy Pacnet for around USD1 billion including debt, after conducting due diligence on its business over the past few months. The report went on to claim that Pacnet had appointed Credit Suisse and Goldman Sachs to advise on a planned sale
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OVETEL Telkom refutes claim it has submitted Pacnet bid
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