Indosat Considers Stake Sale in $1 Billion Fiber Assets [BNN Bloomberg (Canada)]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
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Source: BNN Bloomberg
matter, as digital infrastructure assets in Southeast Asia continue to draw interest from global investors. The Jakarta-based company is conducting a strategic review for its fiber business, the people said, asking not to be identified because the matter is private. A transaction could value the assets at more than $1 billion, with other companies in the industry and investment funds potentially interested, the people said. Considerations are preliminary and Indosat Ooredoo Hutchison could still decide against pursuing a deal, the people said. A representative for Indosat declined to comment. CK Hutchison Holdings Ltd. and Qatar's Ooredoo QPSC combined their Indonesian telecom businesses in a $6 billion transaction last year as the groups sought to fend off competition in Southeast Asia's biggest market by subscribers. Indosat has been reviewing its digital infrastructure assets amid interest from global investors. It agreed to sell a portfolio of towers to Mitratel earlier th
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