Client
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PT Profesional Telekomunikasi Indonesia
(“Protelindo”)
Target
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Minority stake acquisition of PT Bach Multi Global (“BMG”) by PT Global Telekomunikasi Prima (“GTP”), a wholly owned subsidiary of PT iForte Solusi Infotek (“iForte”), the fibre optic and connectivity arm of Protelindo
Transaction summary
Deal value
Transaction highlights
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Protelindo’s first investment in service providers for telecommunications infrastructure
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Further enhances Protelindo’s capabilities in managing, maintaining and upgrading its digital infrastructure and those of other operators
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Highlights Protelindo’s commitment to providing superior services to its clients
Completion
Jul-23
Client description
- Protelindo is the largest independent digital infrastructure company in Indonesia and is listed on the Indonesia Stock Exchange (“IDX”)
- Protelindo operating metrics (Jun-23):
- >29,700 towers
- >53,700 tenancies
- >50,000 activations
- ~172,600 kms of revenue generating fibre
Redpeak role
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Sole financial advisor to Protelindo on the acquisition
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Led and coordinated all aspects of the transaction including valuation, due diligence, structuring and transaction document negotiation, amongst others
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Significant deal execution experience and longstanding relationship with Protelindo allowed for a smooth and simultaneous signing and closing process
