eBay Inc, a US-based global commerce platform and digital payments leader, plans to raise its stake in Indonesian e-commerce firm Metra Plasa from 40 percent to 49 percent. Currently, 60 percent of Metra Plasa is owned by Indonesia's largest telecommunication and network provider Telekomunikasi Indonesia (Telkom). Telkom’s stake will thus decline to 51 percent. In 2012, eBay and Telkom (through Telkom’s subsidiary Multimedia Nusantara) established a joint venture to operate Metra Plasa.

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In order to raise new funds for business expansion, PT Telekomunikasi Indonesia (Telkom) is considering to list its subsidiary Telekomunikasi Seluler (Telkomsel) on the Indonesia Stock Exchange in 2014. Through its Telkomsel unit, Telkom is Indonesia’s leading provider of mobile telecommunications and digital data services. The company currently has around 125 million cellular subscribers in a sector where rife competition for cellular subscribers has limited net profits. Telkom, however, is the only Indonesian operator that posts strong growth.

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