“ … 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.)

Wednesday, December 12, 2007

Indonesia`s Excelcom shares jump on Emirates sale

Jakarta (ANTARA News) - Shares in Indonesia's third-biggest mobile phone firm, PT Excelcomindo Pratama Tbk , jumped about 30 percent on Wednesday after Emirates

Telecommunications (Etisalat) bought a 16 pct stake in the firm.

Etisalat said on Tuesday it would buy the Excelcom stake from diversified Indonesian group Rajawali for $438 million to enter Indonesia, the world's fourth most populous country.

Analysts see plenty of scope for growth in Indonesia's telecoms market, where penetration lags that of many other markets, with just 75 million subscribers in a population of 226 million.

Rajawali, which has interests in areas ranging from plantations to department stores, said it received 3,592 rupiah a share for the stake, representing a 56 percent premium over its closing price on Tuesday.

Shares in Excelcomindo, which is a 67 percent owned unit of Telecom Malaysia, were trading up 29.3 percent at 2,975 rupiah by 0324 GMT. The broader market was down around 0.8 percent.

Etisalat, the second-largest publicly traded Arab telecom firm with operations in 16 countries including Pakistan, said it wanted to gain exposure to the fast-growing telecoms market in Indonesia.

Excelcomindo is targeting up to 14 million mobile phone users in Indonesia by the end of the year, up from 10.5 million at the end of July, its president said in September.

The company had 13 million subscribers and a market share of 14 percent at the end of September, Etisalat told Reuters.

Indonesia's telecoms sector has attracted a stream of new entrants and potential investors. Telekom Malaysia said in April it had bought 7.4 percent of Excelcomindo, raising its stake in the Jakarta-based operator to 67 percent.

Khazanah Nasional Berhad, an investment arm of the government of Malaysia, owns 16.8 percent of Excelcomindo.

Etisalat will be able to nominate one member to Excelcom's board, it said.

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