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Protelindo completes 1,000 tower acquisition with 1,900 new tenancies from Indosat Ooredoo

Monday 2 December 2019 | 07:54 CET | News
Profesional Telekomunikasi Indonesia (Protelindo) reports it has completed the acquisition of 1,000 towers from Indosat Ooredoo, with nearly 1,900 tenancies. The largest tenancies are from Indosat Ooredoo, Telkomsel, H3i and XL Axiata, with Indosat Ooredoo serving as the anchor tenant on all 1,000 towers based on a 10-year lease back agreement. Payment for the acquisition, valued at IDR1.95 trillion, was made from a combination of cash on hand and additional debt.

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Categories: Fixed
Companies: Axiata / Indosat / Ooredoo / Protelindo / Telekomunikasi Indonesia / Telkomsel / XL Axiata
Countries: Indonesia
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