PT Danareksa, which provides investment banking, equity and debt capital markets, investment management, and treasury services in Indonesia, acquired a 67% stake in PT Jalin Pembayaran Nusantara, which provides wireless telecommunication services, from Telkom Indonesia, an Indonesian multinational telecommunications conglomerate. Financial terms were not disclosed. President director of Danareksa, Arief Budiman, said the acquisition was in line with the government plan to establish a holding company for banks and financial service institutions.