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Hiswara Bunjamin & Tandjung (HBT), Herbert Smith Freehills’ Indonesia associate firm, has counselled cellular operator Telkomsel on its $434 million sale and leaseback of 4,000 telecom towers to mobile company Mitratel, which was advised by local firm Umbra.
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SSEK Legal Consultants has advised Indonesian state-owned oil and gas company Pertamina on the sale of its controlling stake in one subsidiary, Pertagas, to another, PT Perusahaan Gas Negara (PGN), for $1.2 billion. PGN was counselled by Umbra.