The International Finance Corporation (IFC) is making an investment of $50 million in PT Profesional Telekomunikasi Indonesia (Protelindo). Protelindo is the largest independent telecom tower owner and operator in Indonesia. The company, set up in 2003, owns and operates around 9,000 telecommunications towers throughout Indonesia, leasing space at its multi-tenant towers to all major Indonesian wireless operators. IFC’s investment will help Protelindo build more towers and provide additional coverage and capacity for mobile operators in the islands of Java, Sumatra, and Kalimantan, as well as in other parts of the country.
