Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk (Telkom), Indonesia's major
telecom firm has plans to spend up to Rp1.1trillion ($95.49 million), or around
5% of its total capital expenditure towards a property project. This is
according to Finance Director,
Honesti Basyir.
Through
the firm’s PT Graha Sarana Duta unit, plans are to utilise its 2million square
metres of unproductive land for commercial property use.
Earlier
the firm announced plans to develop 19 hotels, retail property plus other multifunction
property projects over the upcoming five years.
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