PT Protelindo, controlled by Sarana Menara (TOWR), has just won competitive bidding to acquire 2,500 towers of XL Axiata (EXCL) for Rp3.57 trillion. This heats up competition in the tower business between TOWR, Tower Bersama (TBIG), and Solusi Tunas Pratama (SUPR). To subscribe please click here
