Indonesian telco Indosat Ooredoo Hutchison (IOH) is mulling the sale of more of its telecoms tower portfolio, according to local press reports citing people familiar with the matter. Unnamed sources claim the company is looking to divest 1,800 mobile tower sites, raising a potential USD250 million in the process. Discussions are said to be in the preliminary stage and no final decisions have been taken.
TeleGeography notes that in March 2021 IOH inked a sale and leaseback agreement with EPID Menara AssetCo (Edge Point Indonesia) for the transfer of more than 4,200 telecommunications towers for around USD750 million. The transaction, it noted, formed 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’.