Telkom Indonesia agrees unique share-swap to divest Mitratel to Tower Bersama

TBIG to become largest towerco in Indonesia, adding 3,928 Mitratel towers

Read this article to learn:

  • The unique structure of the share swap
  • The implications for Tower Bersama’s competitive position and relationship with Telkom
  • Why the telecom analysts like the deal
  • How Telkom made the case for the deal
  • Controversy surrounding the deal

PT Telkom Indonesia is to acquire a stake of up to 13.7% in Tower Bersama in return for the transfer of control of it’s towerco subsidiary Mitratel, and it’s 3,928 towers, to Tower Bersama. This unique transaction represents the best example of the relatively favourable valuation multiple arbitrage between mobile network operators and towercos –…

This content is for Subscribers only

To read the full article either login below or follow the link to subscribe.

Log In Subscribe

Announcing an enhanced TowerXchange Journal – subscribe now!

Our new improved offering will allow you to access the insight and analysis you have come to rely on from TowerXchange – but in a format that suits you.

We would love you to continue to receive the TowerXchange Journal by subscribing, and to contribute to the knowledge sharing and information resource we have built up in the form of over 2.5mn words of research and almost 1,000 CXO interviews. An individual subscription costs GBP£2,500 per year, with corporate subscriptions priced according to scale.

Subscribe now