Indosat Ooredoo Hutchison (IOH) is considering a sale of its fiber assets in Indonesia.
As reported by Bloomberg last week, the Indonesian telco is conducting a strategic review for its fiber business, according to sources.
A transaction could value the assets at more than $1 billion, notes Bloomberg, which reported interest from other companies in the industry and investment funds.
Indosat Ooredoo completed its merger with CK Hutchison in Indonesia last year to form Indosat Ooredoo Hutchison.
Since then, the combined company has been reviewing its digital infrastructure assets.
Earlier this year the telco sold 997 towers to Mitratel, which followed the sale of 4,200 towers for $750 million to DigitalBridge-owned EdgePoint Infrastructure's Indonesian unit in 2021, in a bid to raise funds to expand its Internet network across the country.
The telco has seen potential in other markets, notably the data center market. In May of last year, Indosat, along with its subsidiaries IT firm Lintasarta and telecoms company Starone Mitra Telekomunikasi (SMT), partnered up with Big Data Exchange (BDx), a portfolio company of I Squared Capital, to form a new $300m data center venture in the country.