Deals
Telkom Indonesia Unit Mitratel Weighs $1 Billion IPO
- Mitratel has asked for IPO proposals; could pick advisers soon
- IPO would be biggest in Indonesia since Indofood IPO in 2010
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PT Dayamitra Telekomunikasi, the infrastructure unit of state-owned PT Telkom Indonesia, is considering an initial public offering that could raise about $1 billion, in what could be the country’s biggest first-time share sale in more than a decade, people familiar with the matter said.
Dayamitra, also known as Mitratel, has asked for proposals on the potential offering in Jakarta and could pick advisers soon, said the people, who asked not to be named as the information is private. Deliberations are at an early stage and details of the offering could still change, the people said.