Mergers & Acquisitions

AQX: Acquisition of SPTel

Transactions Transactions Client – Seraya AQX Pte Ltd (“AQX”) Target – SPTel Pte Ltd (“SPTel”) Transaction summary Deal value Transaction highlights SPTel runs a physically independent fibre network across Singapore that supports enterprises, government users, telecom operators and over 50 data centres Strong alignment with AQX strategy of investing in scarce digital infrastructure assets with …

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Khazanah: Acquisition of INCJ’s ~21% stake in EDOTCO

Transactions Transactions Client – Khazanah Nasional Berhad (“Khazanah”) Target – EDOTCO Group Sdn Bhd (“EDOTCO”) Transaction summary Deal value Transaction highlights EDOTCO is the 6th largest TowerCo in the world Innovation Network Corporation of Japan Ltd (“INCJ”) acquired a 21% stake in EDOTCO in 2017 The transaction reflects the shared commitment of Malaysia and Japan …

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Protelindo: Acquisition of PT Inti Bangun Sejahtera Tbk (“IBST”)

Transactions Transactions Client – PT Profesional Telekomunikasi Indonesia(“Protelindo”) Target – Acquisition of 90.11% of the total shares from various sellers in PT Inti Bangun Sejahtera Tbk (“IBST”) by PT iForte Solusi Infotek (“iForte”), the fibre optic and connectivity arm of Protelindo Transaction summary Deal value Transaction highlights The acquisition of IBST, a listed independent digital …

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Protelindo (via iForte): Investment in PT Bach Multi Global (“BMG”)

Transactions Transactions Client – PT Profesional Telekomunikasi Indonesia(“Protelindo”) Target – Minority stake acquisition of PT Bach Multi Global (“BMG”) by PT Global Telekomunikasi Prima (“GTP”), a wholly owned subsidiary of PT iForte Solusi Infotek (“iForte”), the fibre optic and connectivity arm of Protelindo Transaction summary Deal value Transaction highlights Protelindo’s first investment in service providers …

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TIME dotCom Berhad: Strategic partnership with DigitalBridge in relation to AIMS

Transactions Transactions Client – TIME dotCom Berhad (“TIME”) Target – AIMS Data Centre (“AIMS”) Investor – Affiliates of DigitalBridge Group, Inc.  (“DigitalBridge”) Transaction summary Deal value Transaction highlights The transaction values AIMS at an EV of RM3.2 billion, implying an EV/FY21 EBITDA multiple of 37.3x The valuation reflects the high quality of the asset and …

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Protelindo: Acquisition of PT Alita Praya Mitra’s (“Alita”) fibre optic assets

Transactions Transactions Client – PT Profesional Telekomunikasi Indonesia (“Protelindo”) Target – Acquisition of ~10,800km of revenue generating fibre assets from Alita by PT BIT Teknologi Nusantara (“BIT”), a wholly owned subsidiary of PT iForte Solusi Infotek (“iForte”), the fibre optic and connectivity arm of Protelindo. Transaction summary Deal value Transaction highlights Marks Protelindo’s first fibre …

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Protelindo: Acquisition of 94.03% of STP

Transactions Chief Executive Officer Transactions Chief Executive Officer Client – PT Profesional Telekomunikasi Indonesia (“Protelindo”) Target – Acquisition of PT. Solusi Tunas Pratama Tbk. Transaction summary Deal value 25 years Transaction highlights Largest M&A transaction in the Indonesian tower industry to-date Protelindo’s 6th and largest transaction in the last 6 years Cements Protelindo’s lead as …

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Protelindo: Acquisition of ~1,700 towers from XL Axiata

Transactions Chief Executive Officer Transactions Chief Executive Officer Client – PT Profesional Telekomunikasi Indonesia(“Protelindo”) Target – Acquisition of ~1,700 towers from PT XL Axiata Tbk (“XL Axiata”) Transaction summary Deal value 25 years Transaction highlights Protelindo’s fifth successive M&A win in five years and second successful towers acquisition from XL Axiata Second successful back-to-back sale …

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Protelindo: Acquisition of 1,000 towers from Indosat

Transactions Chief Executive Officer Transactions Chief Executive Officer Client – PT Profesional Telekomunikasi Indonesia (“Protelindo”) Target – Acquisition of 1,000 towers from PT Indosat Tbk. (“Indosat”) Transaction summary Deal value 25 years Transaction highlights First acquisition of towers from Indosat, with Indosat entering into a 10-year lease arrangement as anchor tenant Further enhances Protelindo’s Tier-1 …

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Edotco: Philippines market entry & joint venture

Transactions Chief Executive Officer Transactions Chief Executive Officer Client – edotco Group Sdn Bhd (“edotco”) Target – Formation of an independent tower company in a joint venture (“JV”) with ISOC Infrastructure, Inc. (“ISOC”) Transaction summary Deal value 25 years Transaction highlights Facilitates edotco’s entry into the Philippines tower sector, a key growth market for digital …

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