PT Profesional Telekomunikasi Indonesia ("Protelindo"), a 99.999 % owned subsidiary of PT Sarana Menara Nusantara Tbk. ("Company"), has entered into an Asset Purchase Agreement ("APA") with PT Central Investindo ("CI"), PT Mitra Karya Propertindo ("MKP"), and their respective Shareholders, dated 25 July 2012, in connection with the proposed sale of up to 200 tower sites to Protelindo (the "Transaction").
Protelindo, CI and MKP expect to complete the sale and transfer of all tower sites by 31 October 2012, which can be extended based on agreement between the parties. Protelindo believes the Transaction will further strengthen its market position as the largest independent owner and operator of telecommunication towers in Indonesia.
This announcement has been made in the framework of the compliance with the Bapepam and LK Rule No. X.K.1. on Disclosure of Information that must be made to the public immediately.