According to people familiar with the situation, Indosat Ooredoo Hutchison is examining options for its fiber assets.
Including a stake sale, as global investors continue to show interest in digital infrastructure assets in South-east Asia.
They asked to remain anonymous because the situation is private but stated that the Jakarta-based company is reviewing its fiber business strategy.
Other businesses in the sector and investment funds may be interested. In a deal that values the assets at more than $1 billion, according to the people.
Indosat Considers Stake Sale
According to the sources, Indosat Ooredoo Hutchison has only made preliminary considerations and may still decide against moving forward with a contract. An Indosat official declined to comment.
In order to compete in Southeast Asia’s largest subscriber market, CK Hutchison Holdings Ltd. and Qatar’s Ooredoo QPSC integrated their Indonesian telecom companies in a $6 billion deal last year.
In response to demand from international investors, Indosat has been examining its digital infrastructure assets.
After a larger sale of towers to EdgePoint Infrastructure, a company sponsored by DigitalBridge Group Inc. and the Abu Dhabi Investment Authority in 2021, it agreed to sell a portfolio of towers to Mitratel early this year.
Last year, Indosat and Big Data Exchange, the platform controlled by investment company I Squared. Reached an agreement to create a $300 million joint venture for their respective data centers.
They asked to remain anonymous because of the situation.
But stated that the Jakarta-based company is reviewing its fibre business strategy. Other businesses in the sector and investment funds may be interest in a deal. That values the assets at more than $1 billion, according to the people.
According to the sources, Indosat Ooredoo Hutchison has only made preliminary considerations. May still decide against moving forward with a contract. An Indosat official declined to comment.
In order to compete in Southeast Asia’s largest subscriber market, CK Hutchison Holdings Ltd. Qatar’s Ooredoo QPSC integrated their Indonesian telecom companies in a $6 billion deal last year.
Indosat Considers Stake Sale
They asked to remain anonymous because the situation is private. But stated that the Jakarta-based company is reviewing its fiber business strategy.
Other businesses in the sector and investment funds may be interested in a deal that has value. The assets at more than $1 billion, according to the people.
According to the sources, Indosat Ooredoo Hutchison has only made preliminary considerations. May still decide against moving forward with a contract. An Indosat official declined to comment.
In order to compete in Southeast Asia’s largest subscriber market. CK Hutchison Holdings Ltd. and Qatar’s Ooredoo QPSC integrated their Indonesian telecom companies in a $6 billion deal last year.
