Protelindo: Acquisition of PT Alita Praya Mitra’s (“Alita”) fibre optic assets
Protelindo: Acquisition of PT Alita Praya Mitra’s (“Alita”) fibre optic assets
Client
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PT Profesional Telekomunikasi Indonesia
(“Protelindo”)
Target
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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 assets acquisition to strengthen its position as the leading provider of fibre connectivity solutions
- Highly complementary to iForte’s fibre optic footprint across Indonesia
Further enhances network effect for fibre connectivity business
Completion
Sep-22
Client description
- Protelindo is the largest independent tower company (by tenancy count) in Indonesia and is listed on the Indonesia Stock Exchange
Protelindo operating metrics (Jun-22):
>29,200 towers
>54,700 tenancies
>13,300 activations
~95,400 kms of revenue generating tower fibre assets
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 by showcasing its strong transaction execution capability while meeting the strategic objectives of Alita
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Led and coordinated all aspects of the transaction including valuation, due diligence and transaction document negotiation, amongst others
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Deep knowledge of the sector and significant deal execution experience, particularly with Protelindo, allowed for a smooth signing and closing, notwithstanding a complex closing process
