Providence to exit Indonesia telecom tower business
Providence Equity Partners is set to exit its last investment in Asia outside of India after Profesional Telekomunikasi Indonesia (Protelindo) agreed to buy Indonesian telecom tower platform Komet Infra Nusantara (KIN) for IDR1.4 trillion ($101 million).
The private equity firm provided a IDR460 million loan to Telekom Infranusantara, a subsidiary of Nusantara Infrastructure, in 2014. Nusantara Infrastructure contributed IDR138 billion in equity and proceeded...
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