The Indonesian mobile tower firm Tower Bersama has revealed plans for a USD500 million bond sale to help finance its expansion and to repay debt. The company will seek approval for the sale from shareholders at a meeting next month. Tower Bersama is controlled by Saratoga Capital, a private equity fund founded by Indonesian businessman Sandiaga Uno. Domestic cellular operator Indosat offloaded a 5% stake in the tower firm in March this year. Indosat inherited the stake in 2012 as part of a wider USD406 million sale and lease-back agreement covering 2,500 towers. Tower Bersama had a total of 16,577 tenants across its 10,134 telecommunication sites at the end of 2013. Its sites include 8,866 telecommunication towers, 1,040 shelter-only sites and 228 distributed antenna system networks.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors