Indosat Spinning Off Fiber Optic Assets To JV With Arsari And Northstar In $870 Million Deal |
Indosat Ooredoo Hutchison—Indonesia’s second largest mobile carrier by revenue—will spin off its fiber optic business to a joint venture with tycoon Hashim Djojohadikusumo’s Arsari Group and private equity firm Northstar Group in a 14.6 trillion rupiah ($870 million) deal.
Indosat—which is partly owned by Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings—will hold a 45% stake in the new joint venture while the rest will be held by........