PT. Inti Bangun Sejahtera, Tbk (JKSE:IBST) seeks acquisitions. IBST allocated as much as IDR 800 billion for capital expenditure in 2014.

IBST Chief Finance Officer Stefanus Sudyatmiko said capex derived from public offering and company's internal cash. The company plans to build 600-700 new towers. “Some 70%-80% of new towers to be built is a small tower with an investment of about IDR 300 million, the remaining will be built big towers with an investment up to IDR 1 billion In addition building new towers, IBST also plans to acquire a number of prospective towers.

Unfortunately, Stephen was reluctant to explain further how the target tower that will be acquired in 2014.