NEWS & EVENTS
Signing of Sale and Purchase Agreement and Master Tower Lease Agreement between Protelindo and Indosat
Jakarta, October 15, 2019 | Source: Company

We refer to (i) the Financial Services Authority Rule Number 31/POJK.04/2015 dated 16 December 2015, regarding Disclosure on Material Information or Facts by Issuer or Public Companies (“POJK 31”); (ii) Bapepam-LK Regulation No. IX.E.2, Attachment to Decision of Chairman of Bapepam-LK No. Kep-614/BL/2011 dated 28 November 2011 concerning Material Transactions and Change of Main Business Activities (“Regulation IX.E.2”); and (iii) the Stock Exchange Regulation No. I-E, Attachment of Decree of the Board of Directors of the Jakarta Stock Exchange No.: Kep-306/BEJ/07-2004 dated 19 July 2004 regarding The Obligation of Information Submission (“Rule I-E”).

 

We, hereby, for and on behalf of PT Sarana Menara Nusantara Tbk, are submitting an additional Report on Information or Material Fact as described below.

Name of Issuer or Public Company : PT Sarana Menara Nusantara Tbk. (the Company”)
Scope of Business :

Providing services (except services in the field of law and tax) and investment in other companies.

Telephone : 021-2358 5500
Facsimile : 021-2358 6446
E-mail : investor.relations@ptsmn.co.id

 

1. Date of Occurrence

14 October 2019.

2. Type of Material Information or Facts
  1. Signing of Sale and Purchase Agreement PT between Profesional Telekomunikasi Indonesia (“Protelindo”), a company which 99.9997% of its shares are owned directly by the Company, as the purchaser, and PT Indosat Tbk (“Indosat”) as the seller (“Sale and Purchase Agreement”); and
  2. Signing of Master Tower Lease Agreement between Protelindo as the lessor and Indosat as the lessee (“Master Lease Agreement”)
3. Description of the Additional Information or Material Fact

Signing of Sale and Purchase Agreement and Master Lease Agreement is conducted as part of the tender process for the sale of 3,100 telecommunication towers owned by Indosat.

 

Protelindo has been named by Indosat as the winner of the tender for the sale of 1,000 telecommunication towers.

 

Total/value of the transaction based on the Sale and Purchase Agreement for the 1,000 telecommunication towers which will be purchased by Protelindo is in the amount of IDR1.95 trillion.

 

Transaction closing is planned to be concluded before the end of 2019 and will be depended on the condition precedents fulfilment, which among others is the approval from Indosat’s shareholders on the upcoming Extraordinary General Meeting of Shareholders on November 21, 2019.

 

Further, Indosat will lease back the towers for a period of 10 years from Protelindo, together with the transaction closing.

4. The impact of such event, information or material facts towards operational activities, legal, financial condition, or business continuity of the Issuer or Public Company

There is no material impact to the operational activities, legal or financial conditions or the business continuity of the Company due to the signing of the Sale and Purchase Agreement and the Master Lease Agreement.

5. Other information

The Sale and Purchase Agreement and the Master Lease Agreement are exempted material transaction as mentioned under number 3 letter a item 5) of Bapepam-LK Regulation No. IX.E.2, Attachment to Decision of Chairman of Bapepam-LK No. Kep-614/BL/2011 dated 28 November 2011 concerning Material Transactions and Change of Main Business Activities. Therefore, the Company is obliged to submit disclosure of information under POJK 31.