INET Acquires SGI for Rp 280 Billion, Strengthening Submarine Cables and Opening New Revenue Opportunities

JAKARTA — PT Sinergi Inti Andalan Prima Tbk (INET), an issuer providing internet services (ISP) and telecommunications infrastructure, is preparing an aggressive expansion move by acquiring 60 per cent of shares in PT Sarana Global Indonesia (SGI) for Rp 280.40 billion. This action has the potential to strengthen the submarine fibre optic business while opening new revenue opportunities, which investors should monitor. Based on the disclosure on the Indonesia Stock Exchange (BEI) on Monday (13/4/2026), INET will take 180,000 new shares or equivalent to 60 per cent ownership of SGI after the transaction, at an exercise price of Rp 1,557,799 per share. INET Director Willy Usulangi emphasised that this acquisition is a strategic step to strengthen the company’s end-to-end capabilities, particularly in the development of maritime telecommunications infrastructure. “The company views the investment in PT Sarana Global Indonesia as a strategic step to strengthen end-to-end capabilities in telecommunications infrastructure development, especially submarine fibre optic cable networks,” said Willy. From an operational perspective, this acquisition is seen to provide significant added value. SGI owns two specialised cable-laying vessels, which can accelerate network construction, improve project cost efficiency, and ensure quality and timeliness of work. This step also aligns with INET’s expansion strategy in broadening the backbone network, including inter-island and international connectivity, in line with the increasing need for data traffic. In addition to strengthening infrastructure, management sees potential synergies between INET’s ISP business and SGI’s maritime construction capabilities. This combination has the potential to open new sources of revenue, particularly from installation services to third parties. In accordance with regulations, INET will seek shareholder approval through a general meeting of shareholders (GMS) on 19 May 2026. Going forward, this step is expected to strengthen INET’s position as an integrated player in the national telecommunications industry, while enhancing competitiveness amid the rapid growth in digital infrastructure needs.