Protelindo buys Axiata towers in $267m deal

The Indonesian telecom infrastructure company agreed to buy and lease back the towers of AXL Axiata, amid broader signs of industry consolidation.

Indonesian telecoms company XL Axiata sold its towers business to Profesional Telekomunikasi Indonesia (Protelindo) for Rp3.57 trillion ($267.2 million) on Monday, as the country’s fragmented towers sector continues to consolidate.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media