NEWS & EVENTS
Completion of Tower Sale and Purchase Transaction between Protelindo and Indosat
Jakarta, November 29, 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”); (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”); and (iv) Letter from PT Sarana Menara Nusantara Tbk No. 121/CS-OJK/SMN/X/19 dated 15 October 2019 regarding Report on Information or Material Fact (“Information Disclosure dated 15 October 2019”).

 

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

29 November 2019.

2. Type of Material Information or Facts

Completion of sale of 1,000 tower telecommunications owned by PT Indosat Tbk (“Indosat”) to PT Profesional Telekomunikasi Indonesia (“Protelindo”), a company which 99.9997% of its shares are owned directly by the Company (“Transaction Closing”).

3. Description of the Additional Information or Material Fact

Referring to Information Disclosure dated 15 October 2019 by the Company, we hereby convey that the sale of 1,000 tower telecommunications to Protelindo, which is conducted as part of the tender process for the sale of 3,100 telecommunication towers owned by Indosat, has been completed.

 

The transaction was concluded upon the fulfilment of condition precedents, which among others is the approval from Indosat’s shareholders on the Extraordinary General Meeting of Shareholders.

 

The sale of 1,000 telecommunication towers was valued in the amount of IDR1.95 trillion.

 

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 Transaction Closing.

 

 

 

5. Other information

The Transaction Closing is an 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.

 

 

We hereby conclude the report on information or material facts.

 

Thank you for your attention and cooperation.

 

Best regards,

PT Sarana Menara Nusantara Tbk.