KONTAN.CO.ID - SINGAPORE. Indonesia's Indosat Ooredoo Hutchison (IOH) ISAT is set to begin a process to sell a minority stake in its fibre business as early as March, in a deal that could value the asset at over $1 billion, said two people with knowledge of the matter. The sale would come after IOH received interest from global infrastructure and financial investors as well as strategic firms keen to partner with the company to further expand its fibre optic telecommunications business, one of the people said. The Jakarta-listed company has not decided on the stake size and could decide against launching the sale process depending on market conditions, the person said.
Indonesia's Indosat Set to Launch Stake Sale In $1 Billion Fibre Business
KONTAN.CO.ID - SINGAPORE. Indonesia's Indosat Ooredoo Hutchison (IOH) ISAT is set to begin a process to sell a minority stake in its fibre business as early as March, in a deal that could value the asset at over $1 billion, said two people with knowledge of the matter. The sale would come after IOH received interest from global infrastructure and financial investors as well as strategic firms keen to partner with the company to further expand its fibre optic telecommunications business, one of the people said. The Jakarta-listed company has not decided on the stake size and could decide against launching the sale process depending on market conditions, the person said.