PT Indosat Ooredoo Tbk (ISAT), a first tier operator company, said they do not intend to sell its towers this year. Company directors said Indosat Ooredoo will use its internal cash to meet their capital requirements.
Alexander Rusli, Director of Indosat Ooredoo, said if the company opts to sell the towers, they fear it will erode its earnings before interest, taxes, depreciation and amortization (earnings before interest, taxes, depreciation, and amortization / EBITDA).
Nevertheless, Alexander further states that the company is open to the possibility of selling the towers if the demand for investment becomes more massive. (*)
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