A leader beyond towers: Protelindo’s strategic expansion
The Indonesian towerco keeps strengthening its dominance through M&A and fibre investment
Earlier this year, Indonesian infrastructure giant Protelindo announced the acquisition of 100% of the equity in PT Komet Infra Nusantara (KIN). The deal is adding 1,400 to Protelindo’s existing portfolio of 14,854 sites across Indonesia while the company maintains its position as the leading independent tower provider in the country.
Protelindo writes another chapter in its success story and the company’s growth appetite remains intact. They have acquired two key companies and an operator portfolio in the last three years and in words of their CFO, they have the financial wherewithal to keep driving consolidation and expanding their footprint in Indonesia.