Three firms vying for Indosat’s assets in tower sale

9 Sep 2011

Indonesian telco Indosat says that three firms have expressed an interest in acquiring some or all of the 4,000 cellular towers it is selling, namely PT Tower Bersama Infrastructure, Solusi Tunas Pratama and Sarana Menara Nusantara.

Bloomberg cites unnamed sources close to the matter as saying the sales could raise about USD500 million for Indosat, Indonesia’s second largest mobile phone carrier by subscribers.

Indonesia, Indosat Ooredoo Hutchison (IOH)