Carlyle to sell stake in Indonesian telecom tower operator STP to Djarum Group firm

Carlyle to sell stake in Indonesian telecom tower operator STP to Djarum Group firm

Telecom tower. Photo by Thomas Millot on Unsplash

Indonesian conglomerate Djarum Group-owned Sarana Menara Nusantara plans to acquire a majority stake in the country’s telecommunication tower operator PT Solusi Tunas Pratama Tbk (STP) through its subsidiary, according to a stock exchange filing.

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