Telkom Indonesia unit Mitratel weighs US$1bil IPO

JAKARTA, April 13 (Bloomberg): PT Dayamitra Telekomunikasi, the infrastructure unit of state-owned PT Telkom Indonesia, is considering an initial public offering in Jakarta that could raise about US$1 billion, in what could be the country’s biggest first-time share sale in more than a decade, people familiar with the matter said.

Dayamitra, also known as Mitratel, has asked for proposals on the potential offering and could pick advisers soon, said the people, who asked not to be named as the information is private.