Bakrie Telecom sells towers to up investment

Shareholders of PT Bakrie Telecom, which operates the CDMA brand Esia, have given the all clear for the company’s plan to sell 543 telecommunication towers, to be used partly to help finance its expansion for next year. “We hope to gain Rp 380.22 billion (US$34 million) from the sale,” president director Anindya Bakrie said after a shareholder meeting Tuesday. Six tower providers — Solusi...