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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...