XL Axiata sells 2,500 towers to reduce debt

IndonesiaDigital News Asia — IN a widely anticipated move to further pare its debts, Indonesian telco PT XL Axiata has signed an agreement with PT Profesional Telekomunikasi Indonesia (Protelindo) to sell 2,500 of its 6,500 towers. The purchase price of Rp3.5 trillion (US$266.5 million) works out to Rp1.4 billion (US$106,000) per tower. The all-cash transaction will be completed by June 30.

https://www.digitalnewsasia.com/xl-axiata-sells-2500-towers-reduce-debt-0

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s