XL Axiata sells 2,782 telecom towers to Protelindo, Centratama for IDR 4 trillion

Monday 17 February 2020 | 12:20 CET | News
Indonesian operator XL Axiata has agreed to sell its 2,782 telecommunication towers to Profesional Telekomunikasi Indonesia (Protelindo) and Centratama Telekomunikasi Indonesia. Protelindo will acquire 1,728 XL towers, while Centratama will buy 1,054 towers from XL. Axiata plans to use the proceeds from its tower sale to expand its 4G coverage across INDonesia, as well as upgrade its mobile data network quality, The Jakarta Post reports, citing XL Axiata finance director Adlan bin Ahmad Tajudin. "We will raise IDR 4.05 trillion (approximately USD 296.55 million) from the sales and expect to

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Categories: Mobile & Wireless
Companies: Axiata / Protelindo / Telekomunikasi Indonesia / XL Axiata
Countries: Indonesia
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