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Telecommunication

Indonesia's Indosat in talks to sell $300m worth of telecom towers

Carrier expected to lease back the infrastructure to save on costs

Workers adjust an Indosat base station in Jakarta. The company hopes to save on maintenance costs.   © Reuters
DEVIANA CHUO and SARAH YUNIARNI, DealStreetAsia | Indonesia

SINGAPORE/JAKARTA -- Indonesia-based telecom company Indosat Ooredoo has initiated talks to sell 3,000 telecom tower assets, people familiar with the development told DealStreetAsia.

Indosat Ooredoo is working with JP Morgan as the sell-side advisor on the process.

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