Telephone tower operator Tower Bersama Infrastructure said its wholly owned subsidiary TBG Global Pte Ltd is planning to raise funds up to $500 million.
By Vincencia NLS
Indonesia’s largest telecom operator PT Telekomunikasi Indonesia Tbk (TLKM) and SK Telecom (NYSE:SKM) of South Korea, have signed a memorandum of understanding (MoU) to cooperate in new business areas including IoT, media and smart products such as Lifeware.
Indonesia mobile-phone operator PT SmartFren Telecom Tbk (FREN) has set ambitious targets to get five million subscribers by the end of 2016, while some investors are eyeing telecom towers of other operator PT XL Axiata Tbk (EXCL). SmartFren Telecom targets 5m subscribers in 2016 SmartFren, an LTE provider, has laid down… Read more »
PT Telekomunikasi Indonesia Tbk (Telkom), Indonesia’s biggest telecommunication operator, said on Thursday it is reviewing options to “unlock value” in its tower business. Earlier this year, it scrapped a deal that would have given PT Tower Bersama Infrastructure Tbk a 49 percent stake in its tower operator unit, PT Dayamitra… Read more »
Listed telecommunications tower operator PT Tower Bersama Infrastructure Tbk (TBIG) has dropped its plan to raise Rp 1 trillion ($68 million) from issuing bonds next month, while construction firm has decided to go ahead with its plan to generate $102.11 million from its bond offering. Telkom tower operator drops plan… Read more »
PT Profesional Telekomunikasi Indonesia (Protelindo), subsidiary of tower operator PT Sarana Menara Nusantara Tbk (TOWR), controlled by the Djarum Group, and iForte Solusi Infotek – a leading micro-cell tower provider- has signed one-year, revolving loan facility agreement worth Rp350 billion ($25.36 million) with PT Bank DBS Indonesia. Sarana Menara’s Corporate Secretary Arif Pradana,… Read more »