Tower Bersama block attracts strong demand, boosts free float

Three shareholders raise a combined $100 million from the sale of a 6.9% stake in the Indonesian telecom tower operator.

Tower Bersama block attracts strong demand, boosts free float

Three existing shareholders, including Indonesian private equity fund Saratoga Capital, last night raised a combined Rp913.5 billion $100 million from the sale of shares in Indonesia’s Tower Bersama Infrastructure, an owner and operator of telecom towers across Indonesia. The block saw strong demand both from international and domestic investors, and was priced at the top of the range for a tight 2.5% discount.

The deal looked well-timed as the share price has rallied 63% from...

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  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...