PT Solusi wins bid for telco towers

KUALA LUMPUR: Axiata Group Bhd’s 66.5 per cent-owned unit, PT XL Axiata TBK, has declared PT Solusi Tunas Pratama Tbk as the winning bidder for its 3,500 telecommunication towers. Axiata said PT XL Axiata and PT Solusi had entered into an asset purchase agreement with a purchase price equivalent to RM1.51 billion, to be paid entirely in cash by December 31 this year. Bernama