Indonesia's Indosat Nearing Towers Deal With Mitratel, Sources Say [BNN Bloomberg (Canada)]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: BNN Bloomberg
carrier's efforts to trim its assets, according to people familiar with the matter. PT Indosat and PT Dayamitra Telekomunikasi, as the two companies are formally known, are finalizing the details of a transaction that could be announced as early as Wednesday, the people said, asking not to be identified because the matter is private. The so-called sale-and-leaseback deal between the Jakarta-based telecom groups would involve around 1,000 phone towers, the people said. While discussions are advanced, they could still be delayed or fall apart, the person said. An Indosat representative said the company cannot confirm the information at this time, adding that it sees strategic partnership as one of the ways to support its business growth. A spokesperson for Mitratel declined to comment. Indosat has been exploring a sale of about 1,800 sites amid rising demand for digital infrastructure assets in Southeast Asia, Bloomberg News reported in August. A transaction by Indosat could raise
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