Indonesia’s Indosat in $450m deal for sale of telco towers

• Oct 15, 2019

JAKARTA: PT Indosat, the Indonesian unit of Qatar’s Ooredoo Group, said on Tuesday it has signed a 6.4 trillion rupiah ($452.30 million) deal to sell 3,100 telecommunication towers, which will be leased back.

Indosat said in a statement 2,100 units of towers will be sold to PT Dayamitra Telekomunikasi (Mitratel) and one thousand units will be sold to PT Profesional Telekomunikasi Indonesia (Protelindo).

The company aims to close the sales, which will be paid in cash, before the end of the year, the statement said. – Reuters

Source: https://www.thestar.com.my/business/business-news/2019/10/15/indonesia039s-indosat-in-450m-deal-for-sale-of-telco-towers#RjIuctRDDHO6K1Ah.99