Companies / Indonesia
Banks Show Interest In Excelcomindo Towers
September 2008 | Company Finance AlertInvestment firms US-based Saratoga Capital and Recapital of Indonesia have emerged as potential buyers of Excelcomindo's lease tower business. The third-ranked Indonesian mobile operator by subscriber numbers announced in its H108 earnings release that it was looking for a buyer of the 7,000 base stations it currently owns, valued at US$550mn.
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