Dec 23, 2011

Smartfren sells 705 towers to Inti Bangun

CDMA-based cellular operator PT Smartfren Telecom Tbk (FREN) has agreed to dispose 705 telecommunication towers to PT Inti Bangun Sejahtera.
Director Antony Susilo at Smartfren, in a company disclosure filed to Indonesia Stock Exchange, said the operator has signed the sale of 705 towers on December 19 2011.
However, he did not mention the towers' sale. He assured that the value of the assets disposal does not surpass 20% of its equity.

Disclosure: No position at the stock mentioned above.

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