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Tower Bersama and Sarana are also declined to comment.
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Saratoga owns shares in several Indonesian companies, such as miner PT Adaro Energy and tower operator PT Tower Bersama Infrastructure.
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Saratoga owns shares in several major Indonesian companies, including coal miner PT Adaro Energy and PT Tower Bersama Infrastructure, a telecommunications tower operator.
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About Tower Bersama Infrastructure Tbk PT PT Tower Bersama Infrastructure Tbk is an Indonesia-based company engaged in provisioning telecommunication infrastructure solution and services.
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Whether or not the trend sustains depends on telecom tower operator Tower Bersama Infrastructure and power supplier Maxpower Group, which started investor meetings on Tuesday.
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Saratoga Infrastructure is the biggest shareholder in Tower Bersama with a 25.83 percent stake, before the sale, according to Thomson Reuters data.