Indosat to sell telecom towers for USD 300 mln – report

Wednesday 10 July 2019 | 10:15 CET | News
Indosat Ooredoo is in talks to sell 3,000 telecom towers for more than USD 300 million. Indosat has hired JP Morgan as advisor on the process, DealStreetAsia reports, citing unnamed people familiar with the matter. Indosat has reportedly already received offers from potential buyers, both foreign and local, Nikkei reports. Indosat's head of corporate communications Turina Farouk declined to comment on the potential sale. She only said the company has "some options to maximize its business value in the long term".

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Categories: Fixed
Companies: Indosat / Ooredoo
Countries: Indonesia
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