Why the STP-XL Axiata deal made sense for the towerco

Nobel Tanihaha met TowerXchange three months after the deal and clarified the rationale behind it

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…

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