Peter Sondakh wants his towers back, but at what price?

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How much is Indonesian billionaire Peter Sondakh willing to pay to get back some of the telecom towers he sold nearly a decade ago?

That is the question as the growing tower business, which is booming due to the explosive growth in data with the number of smartphone users soaring, is a lucrative side of the business with telecom companies eager to expand their network coverage.

Indonesia, the most populous country in South-East Asia with 240 million people, has mobile penetration rates of 122% and 278 million mobile users.

As it is, Indonesia is already the fourth largest mobile market in the world.

Globally, tower companies are emerging like never before as telecom companies sell or spin off their tower business.