Mergers & Acquisitions

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 strong investor appetite …

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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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TPG: Acquisition of PAMEL

Transactions Chief Executive Officer Transactions Chief Executive Officer Client – TPG Global, LLC (“TPG”) Target – Acquisition of Pan Asia Majestic Eagle Ltd (“PAMEL”) Transaction summary Deal value 25 years Transaction highlights First ever consolidation transaction in the tower sector in Myanmar, leading to formation of AP Towers Group Solidifies TPG’s position as a leading …

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Protelindo: Acquisition of KIN

Transactions Chief Executive Officer Transactions Chief Executive Officer Client – PT Profesional Telekomunikasi Indonesia(“Protelindo”) Target – Acquisition of PT Komet Infra Nusantara (“KIN”) Transaction summary Deal value 25 years Transaction highlights The acquisition of KIN (a leading independent tower company) is the first significant consolidation transaction in the Indonesian tower sector Further expands Protelindo’s tower …

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