I am a contributing editor for Forbes Asia based in Jakarta, Indonesia. Before joining Forbes Asia, I worked for Forbes Indonesia for almost a decade. I’ve covered stories about the country’s wealthiest people, fast-growing businesses, and emerging startups. For news tips, you can reach me at [email protected].
Sarana Menara submitted ato the Indonesia Stock Exchange on Tuesday saying it will seek shareholder approval for a rights issue at a meeting on October 25. The filing said Sarana Menara will issue a prospectus providing details on the use of funds and the offering price, though it did not specify when the prospectus will be released.
That acquisition will significantly bolster Protelindo's telecommunications infrastructure, increasing its tower portfolio leased to mobile operators to 34,300 with nearly 58,000 tenancies, while also growing its fiber network to approximately 170,000 km.
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