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Home / News / Company News

Singtel JV company sells telecommunications towers for $950 mil

Company in the news

Singtel JV company sells telecommunications towers for $950 mil

Felicia Tan Published on Fri, Oct 16, 2020 / 5:35 PM GMT+8

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Singapore Telecommunications (Singtel) announced on Oct 16 that its joint venture company, PT Telekomunikasi Selular (Telkomsel), which it has a 35% stake in, has entered into a sale and purchase agreement for the sale of 6,050 telecommunication towers to PT Dayamitra Telekomunikasi (Mitratel) for IDR10.3 trillion ($950 million).

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