KONTAN.CO.ID - JAKARTA. Indonesia's biggest telecommunications company Telkom plans to launch an IPO for its infrastructure and data tower unit Mitratel by the fourth quarter of 2021, as part of broader restructuring plans for the overall business, its CEO said. While no firm valuation target has been set for the initial public offering of PT Dayamitra Telekomunikasi (Mitratel), chief executive Ririek Adriansyah said in an interview it would "probably be not far" from $1 billion. The head of the $24 billion state-controlled group said it is exploring other potential spin-offs for units outside its core business and holding talks with partners, including private equity firms.
Indonesia's Telkom to pursue IPO of unit in Q4, plans spinoffs
KONTAN.CO.ID - JAKARTA. Indonesia's biggest telecommunications company Telkom plans to launch an IPO for its infrastructure and data tower unit Mitratel by the fourth quarter of 2021, as part of broader restructuring plans for the overall business, its CEO said. While no firm valuation target has been set for the initial public offering of PT Dayamitra Telekomunikasi (Mitratel), chief executive Ririek Adriansyah said in an interview it would "probably be not far" from $1 billion. The head of the $24 billion state-controlled group said it is exploring other potential spin-offs for units outside its core business and holding talks with partners, including private equity firms.