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Indonesia’s XL Axiata Sold Towers US$296M to Pay Debts

JAKARTA (TheInsiderStories) - Indonesia' telecommunication operator, PT XL Axiata Tbk (IDX: EXCL), sold 2,782 towers with total valued Rp4.05 trillion ($289.28 million) to two local tower...

Moody’s: Tower Deal is Credit Positive for Indosat and Both Acquirers

JAKARTA (TheInsiderStories) - On Oct. 15, PT Indosat Tbk (IDX: ISAT) (Baa3 negative), had entered into a sale and purchase agreement to sell and...

Indonesia’s Telkom, Protelindo Wins 3,100 Indosat’s Towers

JAKARTA (TheInsiderStories) - PT Dayamitra Telekomunikasi (Mitratel), unit of state-owned telecommunication provider, PT Telkom Indonesia Tbk (IDX: TLKM) and tower operator, PT Profesional Telekomunikasi Indonesia...

Telkom Metra Acquires 51% Stake in Financial Service Firm

JAKARTA (TheInsiderStories) - PT Telkom Indonesia Tbk (IDX: TLKM), through its subsidiary, PT Multimedia Nusantara (Metra Telkom) has officially acquired 51 per cent of PT...