Temasek urged to compensate $2 billion for monopoly

December 27, 2006
Singapore Democrats

This post is at least a year old. Some of the links in this post may no longer work correctly.

Antara News
26 Dec 06
http://www.antara.co.id/en/seenws/?id=25107

The Federation of State Firms’ Labour Unions (FSP BUMN) has asked Singapore’s Tamasek Holdings to compensate Indonesian GSM cellular phone users US$2 billion for monopoly.

Because of the monopoly, each GSM cellular phone user in Indonesia suffered Rp10,000 per month in the past three years, FSP BUMN chief Arief Poyuono said on Friday.

In the past three years, Temasek had monopolized the GSM cellular phone market, inflicting a loss of at least US$2 billion on GSM cellular phone users in the country, he said.

“That is amazing and unreasonable figure,” he said.

He said the federation on behalf of Indonesian GSM cellular phone users would file a class action suit against Temasek on charges of violating the law.

“I will act as the coordinator of the class action suit for myself as well as for GSM cellular phone users in Indonesia,” he said.

He said the federation had appointed 50 lawyers to file the suit.