DSSA Acquires Controlling Stake in EXCL for IDR 8.54 Trillion

PT Dian Swastatika Sentosa Tbk (DSSA) has increased its investment in one of the shareholders of PT XLSMART Telecom Sejahtera Tbk (EXCL).

The transaction was carried out through DSSA’s subsidiary, PT DSST, by making an additional capital injection into PT Bali Media Telekomunikasi (BMT). The transaction took place on 6 July 2026 and was categorised as a material transaction.

The transaction involved the issuance of, and subscription for, 8,539,999,121 new shares in Bali Media Telekomunikasi, with the investment valued at Rp 8.54 trillion.

For reference, BMT holds 24.57% of shares in PT XLSMART Telecom Sejahtera Tbk (EXCL), according to the Monthly Report of Securities Holder Registration as of the end of June 2026.

“The Company, through DSST, is carrying out this transaction as a strategic step to strengthen its business foundation, expand operational and technological capabilities, and accelerate the integration of the digital ecosystem to support long-term growth,” according to a disclosure filed with the Indonesia Stock Exchange (BEI) on Monday (13/7/2026).

The company also believes the transaction will enhance its competitiveness in facing industry developments and various market opportunities. The strengthening of BMT’s capital structure is also expected to support the company’s sustainable business development.

Prior to the transaction, BMT’s fully paid-up capital stood at 11,193,772,120 shares. Of this amount, DSST held 11,193,772,119 shares, equivalent to 99.99%, while PT Sinarmas Sukses Sejahtera held one share.

Following the capital injection, BMT’s fully paid-up capital increased to 19,733,771,241 shares. DSST’s holding rose to 19,733,771,240 shares, remaining at 99.99%, whilst PT Sinarmas Sukses Sejahtera continues to hold one share.