Telkom plans IPO of tower business (Indonesia)
www.WirelessFederation.com/news: IPO of the tower businesses has been planned by Indonesian cellco Telkom but before that it will have to buy out tower partner SingTel in a deal which could cost it up to $1.2 billion.
$400 million has already been secured by the operator in loans from local banks to help buy out SingTel’s stake in its tower arm. Telkom has been advised by the Macquarie Group to buy SingTel out of the 9,000-strong tower business.
Telkomsel owns the towers of which 35% stake is owned by SingTel and 65% by Telkom. Transfer of 30,000 towers from Telkomsel to Mitratel had been hoped by both the operators.
BKPM attempts to have telecom infrastructure removed from its Negative Investment List as planned in March failed which prevented foreign investment in the tower industry.
Telkom Indonesia selects Macquarie to advice on tower deal
www.WirelessFederation.com/news: Macquarie Group Ltd has been selected by PT Telekomunikasi Indonesia (Telkom) to advise it on a USD800 million-USD1.2 billion telecoms tower deal. The company has also planned to list the tower unit.
9,000 telecoms towers before the end of 2010 is in the interest list of Telecommunications (SingTel’s). Telkom’s majority owned mobile arm PT Telekomunikasi Selular (Telkomsel) is the owner of the towers in question. 65% is owned by Telkom and SingTel owns the remaining 35%.
According to Telkom’s Rinaldi Firmansyah, the negotiation with SingTel is currently ongoing and the company has appointed Macquarie to advise as it has extensive experience in infrastructure and added that Telkom will look to consolidate the towers under the wing of its own PT Dayamitra Telekomunikasi (Mitratel) unit, which will be tasked with focusing on the telecoms infrastructure business.
Telkom acquires 80% share in Indonesiantower (Indonesia)
www.WirelessFederation.com/news: Telekomunikasi Indonesia (Telkom), the Indonesian mobile operator has acquired a majority stake in Indonesiantower (Solusindo Kreasi Pratama). Through subsidiary Mitratel, Telkom acquired 80% of shares, subject to final adjustment. The acquisition is in line with Mitratel’s goal of becoming the leading tower company in Indonesia and will add strategic infrastructure for Telkom.
