Indonesia: Indosat Ooredoo Hutchison is considering selling its fiber assets for $1 billion.

Sep 14, 2023 | Posted by Abdul-Rahman Oladimeji

Indosat Ooredoo Hutchison (IOH) is contemplating selling its Indonesian fiber assets. The Indonesian telco is reportedly assessing its strategy for its fiber business, as Bloomberg reported last week. The assets could be valued at more than $1 billion, according to Bloomberg, which reported interest from other industry companies and investment funds. Last year, Indosat Ooredoo merged with CK Hutchison in Indonesia to establish Indosat Ooredoo Hutchison. Since then, the merged company has audited its digital infrastructure assets.

The telco sold 997 towers to Mitratel earlier this year, which followed its sale of 4,200 towers for $750 million to DigitalBridge-owned EdgePoint Infrastructure's Indonesian unit in 2021 to raise funds for the expansion of its Internet network across the country.

The telecommunications company has identified opportunities in other markets, most notably the data center market. To create a new $300 million data center venture in the nation, Indosat, along with its affiliates Lintasarta, an IT company, and Starone Mitra Telekomunikasi (SMT), a telecom firm, teamed up with Big Data Exchange (BDx), a portfolio company of I Squared Capital, in May of last year.