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SMN announces completion of Alita’s fiber asset acquisition

News · Monday, 3 October 2022 08:30

Source: Company | October 3, 2022

Following the execution of a conditional sale and purchase agreement on 4 August 2022, PT BIT Teknologi Nusantara, a wholly owned subsidiary of PT iForte Solusi Infotek, the fiber optic (“FO”) and connectivity arm of PT Sarana Menara Nusantara Tbk (“SMN”), today announced the completion of the purchase of FO assets owned by PT Alita Praya Mitra. The total consideration for the transaction post adjustments is IDR800 billion.

The FO assets of the transaction represent approximately 10,800 kms of revenue generating fiber, with long term and non-cancellable contracted revenue of over IDR855 billion. Additionally, these FO assets predominantly serve the towers of XL and IOH located in a number of key areas including Surabaya, Solo, Malang and Bali.

“Alita’s high quality assets complement iForte’s network of over 110,000 kms of revenue generating fiber and our expanded fiber footprint will enhance our service to our tower fiber and connectivity customers,” said Ferdinandus Aming Santoso, President Director of iForte and SMN.

Redpeak Advisers acted as Protelindo’s exclusive financial adviser for the transaction.

Report on Material Information or facts in compliance with OJK Regulation No. 31/POJK.04/2015 on Disclosure of Material Information or Facts by Issuers or Public Companies and the IDX Board of Directors Decree No. Kep-00015/BEI/01-2021, Amendment to Regulation No. I-E on Obligation to Submit Information is as follows:

 

Exhibit: Disclosure of Information