“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Saturday, March 12, 2011

Saudi's STC to increase stake in Indonesia's NTS

Reuters, Sat Mar 12, 2011

  • Saudi Telecom to raise stake in Indonesia's NTS
  • To provide loans of $81 mln, followed by $290 mln

(Reuters) - Saudi Telecom Co (STC) said on Saturday it planned to rase its share in its affiliate NTS in Indonesia to 80 percent, and lend it more than $370 million, as it readies to expand in the Indonesian market.

Natrindo Telepon Selular (NTS Indonesia), now 51 percent owned by STC and 44 percent owned by Malaysia's Maxis Communications Bhd (MCB) , has set up a five-year plan to expand in Indonesia's telecom market, STC said in a bourse statement.

"Saudi Telecom has shown interest in taking this opportunity to increase its shares in (NTS) due to the growth prospects in the Indonesian economy," STC said.

"It agreed on Wednesday to give an initial loan of $81 million, followed by another loan of $290 million to be paid according to the firm's operational needs," the firm said.

The deal will cancel all the loans made to NTS by Maxis Communications, amounting to almost $412 million, and increase STC's stake to 80.1 percent from 51 percent.

Maxis Communications' share will fall to 14.9 percent from 44 percent, while the local partner will maintain a 5 percent stake.

The deal has yet to be approved by the Indonesian regulators.

NTS began its mobile phone services in 2008 and has more than 10 million customers, covering 400 cities in Indonesia, the statement added.

(Reporting by Asma Alsharif; Editing by Clarence Fernandez)

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