Global Mediacom acquires 62.63 million Mobile-8 shares

Jakarta (Antara News) - Publicly-listed investment company PT Global Mediacom, formerly PT Bimantara Citra, has acquired 62,693,500 shares of telecommunication firm PT Mobile-8 Telecom, a Global Mediacom director said.

"The transaction was carried out on September 5-14. Each share was sold at Rp289," Hary Tanoesoedibjo told the Capital Market Supervisory Agency (Bapepam)-(Financial Institution) here Friday.

"The transaction was made for strategic ownership purposes," he said.

The Jakarta Stock Exchange said that as of August 31, 2007 Mobile-8 was controlled by PT Global Mediacom (38.52 percent and 18.18 percent) and Qualcom Incorporated (5.01 percent).

Earlier, from August 24-September 4, Global Mediacom bought 138.962 million shares at an average price of Rp283 per share or at Rp39.326 billion altogether.

Between August 3 and 14 and between August 15 and 23, 2007, Global Mediacom bought 157,392,500 shares of Mobile-8 Telecom at Rp290.9 per share and 188,074,000 shares at Rp258 per share. (*)
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