Indonesia’s telecom industry stares at consolidation, M&A deals likely

Photo by Tomas Sobek on unsplash

A host of telecom tower companies in Indonesia are in talks to sell their assets as they stare at an impending consolidation in the sector gripped with financial issues.

DealStreetAsia reported a slew of prospective transactions that are waiting to be closed over the past few months. Protelindo, a telecom tower company backed by Djarum Group, and state-owned Telkom Group, are understood to have evinced interest in acquiring a few telecom tower assets of Indosat Ooredoo. If talks fructify, the deal is expected to be finalised this year. Other companies that have put their telecom towers on the block are Centratama Telekomunikasi, Solusi Tunas Pratama and Inti Bangun Sejahtera, among others.

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