PT Indosat Tbk appointed Citigroup to handle the sale of its towers to other buyers cost IDR2.3 trillion-IDR3 trillion.
The management of Indosat continued to talk the tower sale plan to other buyer which will be accomplished in the near future.
Citigroup was appointed after Indosat shortlisting three consultant companies, JP Morgan, Cre-dit Suisse, and Citigroup. Citigroup will provide recommendation on the tower optimization to boost up corporate value. Indosat has prepared IDR4.5 trillion debt restructuring scheme maturing this year.
The restructuring is done for the corporate finance consolidation which was downgraded from stable into minus rating given by Moody's.
The restructuring is done for the corporate finance consolidation which was downgraded from stable into minus rating given by Moody's.
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