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PT Indosat Ooredoo Hutchison Tbk (PTITF)

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0.62200.0000 (0.00%)
At close: 03:58PM EDT
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  • Reuters

    Indonesia's Indosat set to launch stake sale in $1 billion fibre business, sources say

    Indonesia's Indosat Ooredoo Hutchison (IOH) is set to begin a process to sell a minority stake in its fibre business as early as March, in a deal that could value the asset at over $1 billion, said two people with knowledge of the matter. The sale would come after IOH received interest from global infrastructure and financial investors as well as strategic firms keen to partner with the company to further expand its fibre optic telecommunications business, one of the people said. IOH has hired Citigroup to run the sale, said both people, declining to be identified as the matter was private.

  • Zacks

    Zacks Industry Outlook Highlights Swisscom, PT Telekom Indonesia and Telefonica Brasil

    Swisscom, PT Telekom Indonesia and Telefonica Brasil are part of the Zacks Industry Outlook article.

  • Zacks

    3 Communication Stocks Set to Sail Against Industry Turbulence

    The accelerated pace of 5G deployment and demand for scalable infrastructure should help the Zacks Diversified Communication Services industry thrive despite short-term woes. SCMWY, TLK and VIV are well-positioned to make the most of the infrastructure upgrade for seamless connectivity.