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XL Axiata completes 2,500 tower sale to Protelindo

Thursday 30 June 2016 | 13:16 CET | News
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Indonesian telecommunication provider XL Axiata has completed the sale of 2,500 of its telecommunications towers for IDR 3.57 trillion (USD 267.22 million) to Profesional Telekomunikasi Indonesia (Protelindo), a unit of Sarana Menara Nusantara. Protelindo has also leased back 2,433 towers from the towers sold to XL, where XL is the main lessee for a period of 10 years under a Tower Master Lease Agreement. The deal was announced on 29 March this year.

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Categories: Fixed
Companies: Axiata / Protelindo / Telekomunikasi Indonesia / XL / XL Axiata
Countries: Indonesia
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