Japanese firm NTT eAsia Pte. Ltd. has officially invested Rp999.87 billion in PT Integrasi Jaringan Ekosistem (IJE), a subsidiary of PT Solusi Sinergi Digital Tbk. (WIFI), also known as Surge.

The investment grants NTT eAsia a 49% stake in the company.

Strategic Partnership Sealed Through Shareholder Agreement

Shannedy Ong, Director of Surge, stated that IJE signed a Shareholder Decision Deed (Akta Pernyataan Keputusan Para Pemegang Saham) under Deed No. 12, dated July 17, 2025.

The agreement formalized NTT eAsia's acquisition of 685.78 million shares in IJE.

“The entry of NTT eAsia as a shareholder of IJE will support IJE’s operations, considering NTT eAsia is a multinational telecommunications company from Japan,” Ong wrote in an information disclosure on Monday, July 21, 2025.

Breakdown of Share Ownership in IJE Post-Investment

IJE’s shareholding after the transaction includes NTT eAsia with 685.78 million shares, equivalent to 49% of the company.

The other shareholders are PT Jaringan Infra Andalan with 711.65 million shares and PT Lintas Maju Maxima with 2.12 million shares.

The new shares were issued at a price of Rp1,458 per share with a nominal value of Rp1,000, resulting in a total investment of Rp999.87 billion.

Surge Aims to Expand “Internet Rakyat” Access

President Director & CEO of WIFI, Yune Marketatmo, said the investment from the NTT Group marks the beginning of a broad-scale initiative for the company.

“This strategic investment from NTT Group marks the beginning of a major journey for the company. By combining Surge’s infrastructure reach with NTT’s operational excellence, the company aims to provide affordable broadband access, ‘Internet Rakyat’ — to over 40 million households across Indonesia,” he said.

Investment Approved by Shareholders and IDX

The transaction was approved at the Extraordinary General Meeting of Shareholders (RUPSLB) of WIFI on June 30, 2025.

The plan had been previously disclosed on the Indonesia Stock Exchange (BEI) on June 5, 2025.

At that time, it was stated that NTT eAsia would subscribe to 685.78 million shares at a nominal value of Rp1,000 per share, representing 49% of IJE’s issued and paid-up capital after the capital increase.

PHOTO: EMITENNEWS.COM

This article was created with AI assistance.