Carlyle, Southern Capital in talks to sell Indonesia tower operator STP at $1b valuation

Photo: Reuters

Buyout firms Carlyle and Southern Capital Group are in talks to sell their majority stake in Solusi Tunas Pratama in a deal that could value the Indonesian telecoms tower operator at about $1 billion, three people familiar with the process said.

The private equity firms have hired an adviser to find a buyer for their combined stake of nearly 69 percent in Solusi Tunas Pratama Tbk PT (STP) in which they have been invested for more than five years, said the people.

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