Tower Firm Plans IPO

7:20 AM Indonesian passive infrastructure operator heads for the public market

September 27, 2010

1 Min Read
Tower Firm Plans IPO

7:20 AM -- Indonesian wireless tower operator Tower Bersama Group is to raise up to 1.6 trillion Indonesia Rupiahs (US$179 million) from an IPO, reports Reuters.

The move comes as Indonesia's telecom sector is set for significant growth in the next few years, according to Pyramid Research . (See Pyramid: Indonesia to Take APAC Crown and Telecom Market Spotlight: Asia.)

— Ray Le Maistre, International Managing Editor, Light Reading

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