OTHER EVENTS

13 December 2013
Author: Administrator

PT Nusantara Infrastructure (Nusantara Infrastructure) -through its subsidiary: PT Telekom Infranusantara (TI)- entered the telecommunication tower business, by acquiring majority shares of PT Tara Cell Intrabuana (TowerCo) with the transaction value of Rp 598 billion. The signing of the acquisition agreement was held on December 13, 2013.

Deden Rochmawaty, General Manager Corporate Affairs of Nusantara Infrastructure, said that the acquisition was very strategic to strengthen the NI’s infrastructure business, and was also expanded the scope of Nusantara Infrastructure towards sectors with potential and tremendous growth prospects. This was such a reaction of the low penetration of mobile data (17% in 2012) compared to other developing countries (Malaysia 66% and Singapore 74%, in the same year).