Indosat Ooredoo Hutchison reportedly prepared to sell another batch of towers to raise capital to fund its LTE network expansion across Indonesia.

Bloomberg wrote the operator is considering offloading a portfolio of 1,800 sites which could generate as much as $250 million.

Its H1 capex rose 31.5 per cent to IDR3.9 trillion ($261.8 million), with the number of LTE base stations installed increasing by 55,000 to 124,000.

The operator, created by a merger of Ooredoo’s local business with Hutchison 3 Indonesia in January, closed a deal in March 2021 to sell some 4,200 towers to Digital Colony subsidiary EdgePoint Indonesia for $750 million.

In September 2021, market leader Telkomsel sold 4,000 sites to its parent company’s tower unit Mitratel and 6,050 sites in 2020.