Bakrie Telecom wants USD33m for towers

18 Nov 2008

Indonesian telco Bakrie Telecom hopes to raise up to IDR380.22 billion (USD32.50 million) from the sale of its telecommunication towers, Reuters reports. Bakrie Telecom, which is owned by the family of Indonesia’s chief social welfare minister Aburizal Bakrie, said the decision to offload the 543 telecoms towers is expected to improve efficiency by reducing the firm’s holdings of fixed assets. ‘We want to focus our business to be a provider of telecommunication services and networks,’ Bakrie Telecom said in a statement.

Indonesia recently introduced new telecommunication regulations that require domestic mobile operators to share the telecoms towers of their base transceiver stations (BTSs) with other operators, to avoid towers blighting the country’s landscape.

Indonesia, Bakrie Telecom (BTel)