Protelindo acquires microcell firm iForte for US$80mn

Protelindo strengthens portfolio for 4G by taking control of new microcell and fibre network assets

Read this article to learn:

  • The background of the acquisition of iForte
  • The motivating factors behind this deal
  • The microcell, fibre and hotel BTS assets included
  • What this deal means for the Indonesian tower and fibre market

Profesional Telekomunikasi Indonesia (Protelindo) announced on 15 May that it had agreed to acquire 100% of the equity in iForte Solusi Infotek (iForte) at an enterprise value of IDR1.01tn, or US$78mn. Of this, IDR 864bn (US$66mn) of the equity value will be paid in cash, while the remaining debt will be taken on by Protelindo….

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