Indonesia’s second-largest telecoms PT XL Axiata Tbk has sold 3,500 towers to PT Solusi Tunas Pratama for $460 million.
The tower deal is expected to be concluded by the end of the year, said XL Axiata in a statement on Wednesday.
The sale is aimed at paying off some of its debt after the company acquired telecom operator PT Axis Telekom for $865 million this year.
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