PT Profesional Telekomunikasi Indonesia (“Protelindo”)
Target
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Acquisition of PT Komet Infra Nusantara (“KIN”)
Transaction summary
Deal value
~IDR1,400bn
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
Completion
May-18
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
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Lead financial advisor to Protelindo on the acquisition
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Successfully positioned Protelindo as the front runner throughout a competitive sale process through tactical interactions with the vendors and their advisors
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Led multiple parallel negotiations given multiple vendors with differing objectives, while managing all aspects of transaction execution