KPN offloads mobile towers to Indonesia’s Protelindo

1 Nov 2012

Dutch fixed and mobile operator KPN Telecom (or Royal KPN) has struck a deal to sell part of its Dutch tower portfolio to Protelindo, an Indonesian firm which owns and operates towers for wireless communications. According to CellularNews, the sale could generate cash proceeds of EUR75 million (USD97 million) for KPN and allow it to book a one-time gain of EUR66 million. It is understood that KPN does not consider the tower assets to be a core business and has disposed of a number of towers since 2008, leasing back the towers for its own network equipment requirements.

Netherlands, KPN, KPN Mobile (old - see KPN)