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Wireless

Mitratel to raise nearly IDR 25 trillion through IPO

Thursday 28 October 2021 | 09:43 CET | News
Telkom Indonesia's telecom tower subsidiary Dayamitra Telekomunikasi (Mitratel) has announced plans to raise up to IDR 24.9 trillion (approximately USD 1.76 billion) through its initial public offering (IPO), The Jakarta Post reports. Mitratel seeks to sell 24.54 billion shares at IDR 775 to IDR 975 apiece through the Indonesia Stock Exchange (IDX), according to its IPO prospectus. The shares amount to a 29.85 percent stake in the company.

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Categories: Mobile & Wireless
Companies: Mitratel / Telkom
Countries: Indonesia
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