JAKARTA (Yosefardi) – Shares of PT Solusi Tunas Pratama Tbk (SUPR) jumped 12.7% to Rp9,300 per share at 10.20 am Jakarta time but in thin volume.
PT XL Axiata Tbk (EXCL) has signed an asset purchase agreement (APA) with SUPR regarding the sale of 3500 telecommunication towers for Rp5.6 trillion.
SUPR and EXCL have also signed master agreement for rental of the towers for a period of 10 years.
This will a boost to SUPR, currently considered third largest behind Tower Bersama (TBIG) and Sarana Menara Nusantara Tbk (TBIG), which also participated in the tender to acquire EXCL’s towers.