Client
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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
