Indonesian telco Indosat Ooredoo sells 4,200 towers worth US$750mil to Edge Point

JAKARTA (The Jakarta Post/ANN): Publicly-listed PT Indosat, Indonesia’s third-largest telecommunications firm, recently sealed a deal to sell more than 4,200 towers worth US$750 million in raising capital to expand its internet network in the country.

Indosat sold the towers to Edge Point Indonesia, a subsidiary of Edge Point Singapore, which won a tender.