Fiber Optic Investment

Oct 26th, 2006, in Business & Economy, by

The government is restricting the level of foreign investment permissible in the fiber optic industry.

Foreign capital in the fibre optics industry has been set at a maximum level of 35% in order to prevent Indonesian telecommunications systems from coming under foreign domination.

Communications and Information minister Sofyan Djalil said on the 24th that the government wants to ensure a high level of domestic ownership of the fiber optic industry.

Our telecommunications are now too dominated by foreign investors.
(Telekomunikasi kita sekarang sudah dikuasai oleh investor asing.)

An additional restriction is that the number of companies in any given consortium of investors is set at a maximum of four.

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