Indosat Considers Stake Sale in $1 Billion Fiber Assets

Indosat Considers Stake Sale in $1 Billion Fiber Assets

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.

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