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Indonesia’s Indosat Nearing Towers Deal With Mitratel, Sources Say

  • Indosat to sell 997 towers to Mitratel; 633 sites to dhost
  • Indosat sold over 4,200 towers to EdgePoint Infra in 2021
Updated on

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.