Mitratel to acquire 6k telecommunication towers of Telkomsel for $687m.

Mitratel, a provider of telecommunications infrastructure, agreed to acquire 6k telecommunication towers of Telkomsel, an Indonesian wireless network provider, for $687m. "With the agreement of the sale and purchase agreement for the transfer of ownership of 6k telecommunication towers to Mitratel, Telkomsel further strengthens the company's transformation efforts through the development of a company portfolio in the digital business that is more consistent, comprehensive and strengthens the company's commitment to providing more innovative services. Telkomsel, as the leading digital telecommunication company in Indonesia, also hopes to accelerate further the strengthening of an ideal corporate structure in ensuring the implementation of the three digital pillars that are being carried out, namely as a reliable provider of digital connectivity, digital platforms and digital services that are always relevant to the development of the digital ecosystem," Hendri Mulya Syam, Telkomsel President Director.