Client
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PT Profesional Telekomunikasi Indonesia
(“Protelindo”)
Target
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Acquisition of PT. Solusi Tunas Pratama Tbk.
Transaction summary
Deal value
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 Indonesia’s largest independent tower company
- Protelindo’s healthy debt profile enabled transaction to be fully debt funded and subsequent re-affirmation of investment-grade credit ratings by Fitch, S&P and Moody’s
Fastest completion for any significant towers transaction – within 1 month from signing to completion
Completion
Oct-21
Client description
- Protelindo is the largest independent tower company in Indonesia and is listed on the Indonesia Stock Exchange
Protelindo operating metrics (Jun-21):
>21,500 towers
>40,150 tenancies
>7,600 VSAT
~52,000 km of fibre optic cables
Redpeak role
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Sole financial advisor to Protelindo on the acquisition
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Successfully positioned Protelindo as the preferred bidder throughout a highly competitive sale process involving significant foreign buyer interest
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Managed & coordinated all aspects of the large and highly complex transaction within a very tight time frame (2 months of due diligence to agreed transaction documentation)
–
Facilitated a swift satisfaction of closing deliverables for an expedited completion
