The Hartono Brothers' Tower Company From Djarum Group Plans To Acquire Solutions Tunas Pratama

JAKARTA - The telecommunication tower company belonging to the Djarum Group, PT Sarana Menara Nusantara Tbk plans to take a corporate action. The issuer codenamed TOWR will acquire shares of PT Solusi Tunas Pratama Tbk which is currently controlled by PT Kharisma Indah Ekaprima.

In TOWR's information disclosure on the Indonesia Stock Exchange website quoted on Friday, June 18, TOWR Corporate Secretary Irfan Ghazali said, regarding the potential for the acquisition of shares, basically the company always looks at every growth potential, both organically and inorganically, through acquisitions. potential either the telecommunication tower assets or the company owning the telecommunication tower assets.

Even so, continued Irfan, until now, the company owned by the Hartono brothers conglomerate has not signed any transaction documents related to the planned share acquisition.

"If in the future there is information that we need to convey, then we will deliver the notification in accordance with applicable regulations," said Irfan.

Solusi Tunas Pratama, an issuer codenamed SUPR, is a company engaged in the operation and rental of Base Transceiver Station (BTS) towers. As of the end of December 2020, SUPR recorded a net profit of Rp706.99 billion with an operating profit of Rp1.13 trillion.

Meanwhile, SUPR's operating income was recorded at Rp1.92 trillion in 2020. In terms of assets, as of December 31, it was recorded at Rp12.04 trillion, consisting of liabilities worth Rp.

Currently SUPR is controlled by PT Kharisma Indah Ekaprima with 25.60 percent ownership, Cahaya Anugerah 25.51 percent, and the rest is held by the public with 48.89 percent.