Read this article to learn:
- Why the STP-XL Axiata deal made sense for the Indonesian towerco
- Specific terms and conditions that created value for STP
- The positive outcome of the deal: the first company’s bond
- STP’s diversifying revenue streams
In December 2014, STP closed a transformational 3,500 site deal with XL Axiata, a deal which concentrated over 90% of STP’s revenue as coming from Indonesia’s Big Four operators from 2015 onwards, while consolidating their position in a competitive tower market. Despite these critical motivations, the deal has been criticised by some commentators and analysts…
