Bidders hunt for $500m for XL Axiata tower buy

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Bidders hunt for $500m for XL Axiata tower buy

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Indonesian telecoms tower operator PT Solusi Tunas Pratama (STP), private equity fund Providence Equity Partners and Tower Bersama Group are among bidders which have approached banks for a loan to back the acquisition of some of XL Axiata’s tower assets, according to bankers.

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