Ooredoo Group confirms USD750m tower deal in Indonesia

31 Mar 2021

Qatar’s Ooredoo Group announced yesterday (30 March) that its Indonesian business Indosat Ooredoo has inked a sale and leaseback agreement with EPID Menara AssetCo (Edge Point Indonesia) – a unit of Edge Point Indonesia, itself owned by Digital Colony, a digital infrastructure investor with experience in the mobile towers sector – for the sale of more than 4,200 telecommunications towers. In a statement, Ooredoo said its Indonesian unit had agreed a USD750 million deal for the assets, including a supplementary offer, ‘making it one of the largest deals of its kind in Asia’. The sale, it noted, is part of a wider strategy ‘to move to a more efficient and flexible asset light model and unlock the trapped value of its infrastructure portfolio’.

Indonesia, Indosat Ooredoo Hutchison (IOH), Ooredoo Group