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Indonesia’s Tower Bersama Offers Rupiah Bond US$67M in This Month

JAKARTA (TheInsiderStories) - A telco support services company, PT Tower Bersama Infrastructure Tbk (IDX: TBIG) prepared a local bond offering up to R970 billion (US$67.36 million) in this...

Telkom Indonesia to Spends US$2.5B in This Year

JAKARTA (TheInsiderStories) - Telco operator, PT Telkom Indonesia Tbk (IDX: TLKM) plans to spend around Rp35.9 trillion (US$2.49 billion) in this year to strengthen the network...

Indonesia’s Tower Bersama Prepares US$278M for Acquisition

JAKARTA (TheInsiderStories) - Telecommunication provider, PT Tower Bersama Infrastructure Tbk (IDX: TBIG) allocated Rp4 trillion (US$277.78 million) to acquire other telecommunication towers in this year, said...

Again, Smartfren Releases New Shares for US$49M

JAKARTA (TheInsiderStories) - Telco operator, PT Smartfren Telecom Tbk (IDX: FREN) announced to execute additional rights issue with a maximum targets R700 billion (US$48.95 million) to...

Indonesia Cancels 5G Auction Caused Breaking the Rules

JAKARTA (TheInsiderStories) - The ministry of information, communication, and technology canceled the 2.3 gigahertz (GHz) frequency auction after appointed the winner on December 2020. End of last...

Indonesia’s Mitratel Buys Telkomsel Towers for US$700M

JAKARTA (TheInsiderStories) - A subsidiary of PT Telekomunikasi Indonesia Tbk (IDX: TLKM), PT Dayamitra Telekomunikasi (Mitratel), buys 6,050 towers of its sister company, PT...

Indonesia’s Moratelindo Issues Sharia Bonds US$26M

JAKARTA (TheInsiderStories) - Broadband company, PT Mora Telematics Indonesia (Moratelindo), start the offering of SUKUK Ijarah worth of Rp389.51 billion (US$26.31 million) to pay debts and...

Singapore’s Princeton Digital Acquires 70% XL Axiata Data Center Business

Jakarta (TheInsiderStories) - Princeton Digital Group (PDG), an internet infrastructure developer and operator based in Singapore acquired 70 percent of PT XL Axiata Tbk (IDX: EXCL)...

Insight: Indonesia’s Telco Industry Needs Consolidation

JAKARTA (TheInsiderStories) – The financial performance of Indonesian telecommunications (telco) operator continues to degenerated lately amid the tight competition among the players. The contribution...

Indonesia’s Indosat Prepares Capex US$2B in 2019

JAKARTA (TheInsiderStories) - PT Indosat Ooredoo Tbk (IDX: ISAT), Indonesian cellular operator prepared capital expenditure around US$2 billion in 2019, said the newly chief...
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