September 24, 2003 |
NTT FINANCE (U.K.) SIGNED THE SALE AND PURCHASE AGREEMENT OF P.T. MITRA GLOBAL TELEKOMUNIKASI INDONESIA ("MGTI") |
NTT Finance (U.K.) Limited (NTT Finance), 100% shares owned by Nippon Telegraph and Telephone East Corporation (NTT East), and all the other MGTI shareholders, i.e. P.T.Indonesian Satellite Corporation Tbk. (Indosat), P.T. Widya Duta Infotel (WDI), Itochu Corporation, Sumitomo Corporation, Telstra Global Limited. (Telstra) as selling shareholders together with MGTI as the company have signed the Sale and Purchase Agreement with P.T. Alberta Telecommunication, as the purchaser, for a buy-out of MGTI, on September 24 2003 Indonesia local time.
| 1. Sales Price |
Approximately US$ 266 million (enterprise value)
NTT Finance will receive approximately US$ 28 million
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| 2. Closing Date |
Within 3 months of the date of the agreement |
An outline of MGTI is provided in the attachment. |
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- Attachment : MGTI Corporate Profile |
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