Communications towers after the 2500 release, the company will re-sell the thousands of towers. The goal is what else if not fresh funds and operational efficiency.
According
to the Finance Director of PT Indosat Tbk Curt Stefan Carlsson,
company's focus this year is to complete the sales transaction with the
2500 tower Tower Joint Infrastructure Tbk PT (TBIG).
Well,
after the process was completed, further Carlsson, Indosat will be back
next year to open opportunities to those interested that the
infrastructure assets to make an offer. "We have about 10-12 thousand towers are ready for sale," he said in a statement on Tuesday (05/15/2012).
In
the second phase of sales later, Carlsson stressed that the buyer prior
Indosat towers, TBIG, not necessarily the preferred buyer. Because, he argues, the auction will be adapted to conditions in the next year.
"We
will evaluate the added value given the prospective bidders and other
determinants. Affairs with TBIG to 2500 the tower only, while the rest
of the tower which will be released in 2013 was different commitments.
Could have won the auction TBIG again, it could be others," he said .
According to him, the sale of these assets will determine the bottom line performance of Indosat. Not only in 2012, but also next year.
"If
a transaction with TBIG to 2500 the tower could be completed in the
second quarter or early third quarter, will lift the performance of the
company's bottom line," he said.
As is known, purchases made by Indosat towers TBIG subsidiary, PT Indonesia solution Towers (SMI) for USD 518.5 million.
From
this value, approximately USD 406 million is the purchase price of the
telecommunications tower, including the takeover of the rights and
obligations under the contract Indosat tenancy on the telecommunications
tower.
While
the USD 112.5 million is what is claims is reached kontijen if such
terms and conditions set out in asset management purchase.
SMI will make payment for USD 406 million with menebitkan debt securities (promissory notes) worth Rp 661.2 billion. TBIG
SMI will take over the obligations (Rp 661.2 billion) by issuing
mandatory convertible debt securities to be sold to Indosat.
At the same time, the company will exchange the mandatory convertible debt securities with a number of 239.8 million shares. Together Tower will issue new shares without pre-emptive rights (ER) aka private placement.
TBIG
himself was keen to complete the purchase of Indosat towers, reaching a
minimum of four thousand units in accordance with the initial
assessment when the assessment done.
