More stories have arrived regarding the Telkomsel bankruptcy saga. The Indonesian telco giant officially lodged an appeal on Friday regarding the court’s controversial decision last week about the relatively small sum of money involved. But the worst may be still to come as Telkomsel’s bid to join and win the remaining two blocks for its 3G expansion plan has now come into doubt following its legal dispute.
According to the ICT ministry regulation draft regarding companies eligible for the 3G tender, bankrupt companies or companies that are under the court’s scrutiny are not allowed to join the race. At the moment, according to IndoTelko, the ICT ministry plans to delay the 3G tender to give Telkomsel a fighting chance. That and because the ICT ministry regulations regarding the 3G tender are still not ready yet. The Jakarta Post reported that liquidators have entered Telkomsel’s premises to settle the debt in accordance with the court’s orders.
Telkomsel has also hit back at the company’s voucher top-up distributor Prima Jaya, saying that the reason behind its decision to stop the Prima voucher distribution was because the voucher company didn’t achieve its sales targets. Telkomsel says it was confused as to how Prima Jaya recorded a loss of IDR 5.2 billion ($545,000) when there had been no transactions after the voucher cooperation had been halted. Furthermore, Telkomsel claims that Prima Jaya also breached its contract by selling top-up vouchers outside its target community, which was meant to be limited to the athletic community. For those reasons, Telkomsel believes that the company has the right to cancel its agreement with Prima Jaya - which would mean no money is owed, and this ‘bankrupt’ drama would be over.
The figures are differently reported, but it is understood that Prima Jaya claimed to have lost between IDR 5.2 billion ($545,000) and IDR 5.3 billion ($560,000). ↩