Indonesia: Telkom sets aside $2b for capex, eyes 10 potential M&A deals

State-owned telco firm Telekomunikasi Indonesia (Telkom) is setting aside up to $2 billion, or about 25 per cent of last year’s revenue, for capital expenditure this year, finance director Harry M Zen revealed. The company is also learnt to be reviewing 10 potential merger and acquisitions involving fintech, e-commerce, and ICT startups.