Jakarta, September 23, 2024 – PT Remala Abadi Tbk, a provider of internet services (ISP), IT consulting services, and fixed and wireless network services, proudly announces the full acquisition of PT Fiber Media Indonesia, a leading provider of wired and wireless telecommunications services in Indonesia. This strategic move aims to strengthen PT Remala Abadi Tbk’s position in the telecommunications industry and expand its service portfolio.
Developing Indonesia’s Digital Infrastructure
The acquisition of PT Fiber Media Indonesia is a crucial part of PT Remala Abadi Tbk’s strategy to support digital transformation in Indonesia. With the integration of PT Fiber Media Indonesia, PT Remala Abadi Tbk will enhance its ability to offer more comprehensive and innovative solutions to existing markets and customers. PT Fiber Media Indonesia will continue to develop innovative products to increase the company’s capability to meet current market demands.
Operational Impact
This acquisition is expected to create significant efficiencies, speed, and reliability in PT Remala Abadi Tbk’s operations by integrating PT Fiber Media Indonesia’s network and services. With the merger, the company will be able to expand its market reach, target segments, and significantly increase service capacity.
Legal Impact
From a legal perspective, this acquisition has been conducted in compliance with applicable regulations and laws in Indonesia. PT Remala Abadi Tbk has carried out thorough due diligence to ensure no legal obstacles could hinder this acquisition process. All necessary permits and approvals from relevant authorities have been obtained, ensuring the acquisition process runs smoothly and by the prevailing laws.
Financial Impact
The financial impact of this acquisition is expected to be highly positive in the short, medium, and long term. By integrating PT Fiber Media Indonesia, PT Remala Abadi Tbk will increase revenue by expanding its customer base and enhancing its services. The synergy resulting from this acquisition will lead to cost efficiencies and increased profit margins, thus providing positive outcomes for revenue, net profit, and EBITDA in the short, medium, and long term.
Impact on Business Continuity
This acquisition strengthens PT Remala Abadi Tbk’s position as a major player in the telecommunications industry in Indonesia and reinforces the company’s business continuity in the long run. With greater resources and a broader network, the company will be better prepared to face market competition and meet the growing needs of customers. Additionally, the ability to offer more comprehensive technological solutions will enhance the company’s competitiveness and resilience amidst the ever-changing market dynamics.
We hope the market will positively welcome all the innovative services and utilize the latest technology from PT Remala Abadi Tbk and PT Fiber Media Indonesia.