SK Telecom will own 49 percent of the venture, which will have capital of 100 billion rupiah ($11 million). Telkom, as Indonesia's biggest phone operator is known, will hold the rest, Seoul-based SK Telecom said in a statement today.
The companies plan to provide music, video clips and games to Telkom subscribers and expand service to other wireless and fixed-line operators, SK Telecom said. They also signed an agreement to cooperate on services to corporate customers in industries such as health care, automobiles and education.
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