Indonesia's second largest mobile phone provider, PT Indosat sold 2500 transreceiver towers to PT Tower Bersama Infrastructure in the deal. 

Skadden, Arps, Slate, Meagher & Floms Singapore and Hong Kong offices advised the seller, while Norton Rose Singapore acted for the purchaser's financiers. 

Middletons worked in co-operation with Iffla Wade in successfully signing an agreement with

Indosat for the purchase, for upfront amount of US$406 million made up of cash and shares and a maximum potential earn-out amount of US$113 million.

TBIG provides telecommunication infrastructure services to Indonesian wireless carriers, develops and operates telecommunication supporting infrastructure including tower and in-building systems across Indonesia and leases space under long-term agreements with telecommunications operators. The company also provides operators with access to its distributed antenna system networks in shopping malls and office buildings.

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Indosat is Indonesia and the country's second largest mobile phone provider.