PT. DHost Telekomunikasi Nusantara entered into an agreement to acquire 633 Telecommunication Sites from PT Indosat Ooredoo Hutchison Tbk (IDX:ISAT) on February 15, 2023. PT Indosat Ooredoo Hutchison Tbk have entered into a 10-year sale leaseback agreement with PT.

DHost Telekomunikasi Nusantara for 544 telecommunication sites out of 633 sites. The transaction is subject to customary conditions. The transaction is expected to be completed in the first quarter of 2023.

BofA Securities acted as financial advisor to PT Indosat Ooredoo Hutchison on the transaction.