Indonesian telecommunication provider PT XL Axiata said it has signed an agreement to sell 2,500 units of its telco towers for 3.57 trillion rupiah ($267.22 million) to PT Profesional Telekomunikasi Indonesia (Protelindo).
XL Axiata also said in a stock exchange filing it had signed a deal with Protelindo, a unit of PT Sarana Menara Nusantara Tbk , to rent 2,432 of the towers as the anchor tenants for 10 years. The deal is expected to be concluded by June 30.
Source: http://www.reuters.com/article/indonesia-xl-axiata-deals-idUSJ9N15Y02H?rpc=401