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 –…

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