NEWS & EVENTS
Tower Assets Purchase Transaction between Protelindo and PT XL Axiata Tbk
Jakarta, February 11, 2020 | 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

7 February 2020.

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 XL Axiata, Tbk (“XL Axiata”) as the seller (“Sale and Purchase Agreement”);

  2. Signing of Master Tower Lease Agreement between Protelindo as the lessor and Indosat as the lessee (“Master Lease Agreement”); and

  3. Signing of Ground Lease Agreement between Protelindo as the lessee and XL Axiata as the lessor (“Ground Lease Agreement”, collectively with the Sale and Purchase Agreement and the Master Lease Agreement, hereinafter referred to as “Transaction Documents”).

3. Description of the Additional Information or Material Fact

Signing of the Transaction Documents is conducted as part of the tender process for the sale of 2,782 telecommunication towers owned by XL Axiata.

Protelindo has been named by XL Axiata as the winner of the tender for the sale of 1,728 towers.

Value of the transaction for the 1,728 towers which will be purchased by Protelindo is in the amount of IDR2,248 billion.

The transaction is expected to close by the end of the first quarter 2020.

 

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 Transaction Documents.

 

 

 

5. Other information

This transaction is a material transaction; however it is an exempted material transaction as stated under number 3 letter a item 5) of Regulation IX.E.2. Therefore, the Company is obliged to submit disclosure of information under POJK 31.