Indonesia’s Tower Bersama and Solusi Tunas Pratama (STP) are both interested in bidding for the tower assets of local mobile operator XL Axiata.
Earlier this month, the telco confirmed plans to offload some of its infrastructure in the second half of…
Indonesia’s Tower Bersama and Solusi Tunas Pratama (STP) are both interested in bidding for the tower assets of local mobile operator XL Axiata.
Earlier this month, the telco confirmed plans to offload some of its infrastructure in the second half of the year to repay part of its debt.
XL, a subsidiary of Malaysian giant Axiata, said it would run a tender process to offload the sites. The operator, which is expected to disclose the tender documents soon, has over 8,000 towers in Indonesia.
STP CEO Nobel Tanihaha and Tower Bersama finance director Helmy Yusman Santoso both told Reuters that their respective companies are interested in the towers but Santoso reportedly added there is no valuation at present because the number of towers to be sold is uncertain.
Bersama and STP could not immediately be reached for comment.
XL’s debt, which stood at Rp28trn (US$2.35bn) at the end of the first quarter, recently increased when the operator bought smaller rival Axis in a US$865m deal.
Another Indonesian operator, Indosat, has also been considering options for its remaining 7,500 towers, after selling 2,500 sites in 2012.
