CORPORATE ACTION - JAKARTA. The telecommunications tower issuer, PT Tower Bersama Infrastructure Tbk (TBIG) on March 1, 2024, has entered into an agreement with Bersama Digital Infrastructure Asia Pte Ltd (BDIA) to provide services.
In the future, Bersama Digital Infrastructure Asia Pte Ltd will provide several services, including financial consulting, strategic consulting, and consulting on environmental, social & governance (ESG).
"The value of the payment obligation by TBIG to BDIA for service fees in the transaction will not exceed US$ 60 million or equivalent to IDR 931.56 billion," wrote TBIG management in the disclosure of information on the Indonesia Stock Exchange (BEI), Tuesday (5/3).
The value of the payment reached 8.3% of the total equity of TBIG so it is not included in the material transaction as referred to in Article 3 paragraph (1) POJK. 17/2020.
This transaction is an affiliate transaction because BDIA is the controlling shareholder and the main shareholder of TBIG. Not only that, Verena Lim, who is a commissioner of TBIG, also serves as a director at BDIA.
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Previously, BDIA had completed the voluntary tender process for 1 billion TBIG shares. This value is equivalent to 4.42% of all shares placed and fully paid in TBIG.
Bersama Digital Infrastructure Asia set the voluntary tender offer price at IDR 2,300 per share. Thus, this Singapore-based company has prepared funds of IDR 2.3 trillion for this corporate action.
Bersama Digital Infrastructure Asia has stated that it will support the development of TBIG's business activities in the future and help to achieve growth.
Just so you know, Bersama Digital Infrastructure Asia is an investment company that focuses on investing in digital infrastructure assets throughout Southeast Asia.
TBIG is one of the largest telecommunications tower providers in Indonesia. Well, TBIG is an investment target by this Singapore-based company.
