Indosat Ooredoo Hutchison has agreed to sell a portfolio of telecommunications towers to Mitratel for about 1.65 trillion rupiah ($109 million) as part of the Indonesian carrier’s efforts to trim its assets.
PT Indosat and PT Dayamitra Telekomunikasi, as the two companies are formally known, have signed a deal that involves 997 towers, according to a statement to the stock exchange on Wednesday, confirming an earlier Bloomberg News report. Indosat also agreed to rent 983 towers from Mitratel for 138.6 billion rupiah for 10 years.
