Indonesian mobile operator XL Axiata has agreed to sell 2,500 sites to independent towerco Protelindo for Rp3.57trn (US$267m) in cash. The sale-and-leaseback deal will see Protelindo become the anchor tenant of 2,432 of the towers for the next 10 years. Indonesian mobile operator XL Axiata (IDX:EXCL) has agreed to sell 2,500 sites to independent towerco Protelindo (IDX:TOWR) for Rp3.57trn (US$267m) in cash. The sale-and-leaseback […]