TnP Law Firm Assisted Mitratel in Landmark Acquisition of PT XL Axiata’s Telecommunication Towers

Congratulations to PT Dayamitra Telekomunikasi Tbk (Mitratel) on the successful completion of the acquisition of telecommunication towers owned by PT XL Axiata Tbk (EXCL) on September 25, 2023. This strategic move reaffirms Mitratel’s unwavering commitment to becoming the leading tower services provider in Indonesia.

This acquisition reflects MTEL’s dedication to supporting our strategic partners in the telecommunications industry as they expand their operations with a more efficient business model. Additionally, MTEL has agreed to lease back the telecommunication towers to PT XL Axiata Tbk.

Under the leadership of our partner, Ken Prasadtyo, and with primary support from Associate Partner, Brahmantyo Jatiwidianto and Associate, Eldwin Islamey, we take great pride in our role in facilitating Mitratel’s successful execution of this transaction.