Indonesian tower operator's equity deal collapses

Vendors pull divestment in Indonesian tower operator PT Solusi Tunas Pratama.

Indonesian tower operator's equity deal collapses

Private equity groups Carlyle and PT Kharisma Indah Ekaprima retreated from a Rp3.285 billion to Rp3.91 billion $255 million to $303 million divestment in Indonesian tower operator PT Solusi Tunas Pratama on Monday after struggling with falling stock markets and a volatile share price.

The company made an announcement to the stock exchange the day the deal was scheduled to price. 

The transaction's demise was not that much of a...

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