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JAKARTA: Indonesia's anti-monopoly watchdog, the KPPU, has given Singapore Technologies Telemedia an extra week to prepare its defence in response to allegations that the company has engaged in anti-competitive practices.
Despite the postponement, ST Telemedia is not optimistic about the final outcome of the hearings before a five-member panel of the KPPU.
Kuan Kwee Jee, Senior Vice President of Strategic Relations & Corporate Communications, ST Telemedia, said: "We know for sure three are not going to vote in our favour. And we have no idea whether the other two new members are going to vote in our favour.
"But since it's by majority vote and you already have three against us, it is not hard to imagine the outcome."
ST Telemedia is one of two subsidiaries of Singapore investment company Temasek Holdings that have stakes in Indonesian telecom operators.
It owns a 42 percent stake in Indosat, while Singapore Telecom owns a 35 percent stake in Telkomsel.
Indosat and Telkomsel dominate Indonesia's mobile telecom sector where eight other players compete in one of the region's most lucrative markets worth US$5 billion.
The KPPU has accused Temasek Holdings of violating Indonesia's anti-monopoly laws through ST Telemedia and Singapore Telecom.
Temasek has denied the charges of cross-ownership, maintaining that its subsidiaries have their own board of directors who make their own operational decisions.
It has also denied any involvement in price fixing for mobile phone charges, pointing out that Telkomsel's majority shareholder is the Indonesian government.
"We've asked for a longer hearing period because we feel two hours is just not enough to present all the evidences to counter the allegations," said Ms Kuan.
- CNA/so
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