JAKARTA (Yosefardi) – PT XL Axiata (EXCL) has in December 23, 2014 completed sales of 3500 tower to PT Solusi Tunas Pratama (SUPR) which valued for Rp5.6 trillion, paid in cash. Part of the proceeds of tower sales will be used to pay EXCL’s debts.
Sales of 3500 towers is a positive move to reach asset light strategy, so that human resources will more focus on company’s core business.
EXCL will rent back 3500 towers from SUPR for 10 year period. EXCL considers that the competitive rents will give benefit as it would help the company to save its capital expenditure and operational expenses. (rully@yosefardi.biz)