Protelindo: Acquisition of KIN


Protelindo: Acquisition of KIN



PT Profesional Telekomunikasi Indonesia


Acquisition of PT Komet Infra Nusantara (“KIN”)

Transaction summary

Deal value


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 portfolio and fibre optic footprint throughout Indonesia
  • Complements Protelindo’s existing client base, as Telkomsel is KIN’s largest client



Client description

  • Protelindo is the largest independent tower company in Indonesia and is listed on the Indonesia Stock Exchange
  • Protelindo operating metrics (Mar-18):
    ~15,000 towers
    ~25,000 tenancies
    >2,700 VSAT
    ~5,000 km of fibre optic cables

Redpeak role

Lead financial advisor to Protelindo on the acquisition

Successfully positioned Protelindo as the front runner throughout a competitive sale process through tactical interactions with the vendors and their advisors

Led multiple parallel negotiations given multiple vendors with differing objectives, while managing all aspects of transaction execution