Telkom said it has inked a deal to swap its 49 percent stake in Mitratel for 5.7 percent of TBIG's expanded stock capital.
The deal also provides Telkom with a two-year option to swap its balance 51 percent stake in Mitratel for around 8 percent of TBIG's shares.
The consideration is comprised of a cash component and 239,826,310 newly issued TBIG
shares, which represent 5% of the company's enlarged share capital.
The proceeds will be used to partially fund TBIG
's purchase of 2,500 mobile phone towers from PT Indosat and for other capital expenditure requirements.
21 March 2012 - Australia & New Zealand Banking Group (ASX:ANZ), Bank of Tokyo-Mitsubishi UFJ, DBS Bank, Oversea-Chinese Banking Corp and United Overseas Bank will arrange a USD250m (EUR189m) loan for Indonesia's telecom tower firm PT Tower Bersama Infrastructure (TBIG
), Bloomberg said on Wednesday, citing an e-mailed statement from OCBC.
-- The Brewing Conference 2011 organized by the Germany based, Versuchs- und Lehranstalt fur Brauerei Berlin (VLB Berlin) and the Thailand Beer Industry Guild (TBIG
hitting from Lancs' Jos Buttler and Liam Livingstone, some muscle from Leicestershire's veteran Aussie Mark Cosgrove and a contest that ebbed and flowed as much as a T20 game can.
PT Indosat Tbk, the Indonesian subsidiary of Qatar's Qtel Group , has completed a sale and leaseback deal worth $406 million with PT Tower Bersama Infrastructure (TBIG), a specialist tower management company.
The deal will see TBIG take over the management of 2,400 of PT Indosat's towers.