PT Tower Bersama Infrastructure is in final talks to buy cellular towers from PT Indosat, Indonesia’s largest mobile-phone carrier, for as much as $500 million, said three people with knowledge of the matter.
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PT Indosat, Indonesia’s second- largest mobile phone carrier, plans to sell about 4,000 cellular towers and has drawn interest from PT Tower Bersama Infrastructure, PT Solusi Tunas Pratama and PT Sarana Menara Nusantara, three people with knowledge of the matter said.
PT Indosat, Indonesia’s second- biggest mobile-phone operator by revenue, fell the most in four months in Jakarta trading after its rally since June triggered a technical indicator to signal the gains were excessive.
Rusdi, an Indonesian office worker, has never had a home Internet connection. Since getting a Samsung Electronics Co. smartphone, he now gets online every day and pays 2 cents a minute to carrier PT Indosat .