Telkom Buy As Many As 2,100 BTS Towers owned by Indosat, With Total Price of IDR 4.44 Trillion
PT Telekomunikasi Indonesia Tbk (Telkom) made an important announcement today. See the details.
TRIBUNBATAM.id - PT Telekomunikasi Indonesia (Persero) Tbk (Telkom) announced that its subsidiary, PT Dayamitra Telekomunikasi (Mitratel) bought as many as 2,100 of telecommunications towers that owned by PT Indosat Tbk (ISAT).
The transaction value of 2,100 towers reached more than IDR 4.44 trillion. The sale and purchase agreement between Mitratel and Indosat was signed on October 14, 2019.
Mitratel is a subsidiary of Telkom which is engaged in providing the telecommunications infrastructure.
Andi Setiawan, VP of Investor Relations of PT Telekomunikasi Indonesia Tbk in his information disclosure, said that the acquisition made Mitratel's tower to more than 15,800 towers.
"This transaction will strengthen the business fundamentals and create an added value for Mitratel. At the same time it's in line with Mitratel's long-term plan," Andi said. (*)
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