REAL Partners with MFlash to Turn Property Assets into a Telco Business

KABARBURSA.COM – PT Repower Asia Indonesia Tbk (REAL) has entered into a business collaboration with Madinah Group Indonesia (MFlash) to develop an ecosystem of devices and telecommunications solutions that leverage the company’s property assets. The President Director of Repower Asia Indonesia, Aulia Firdaus, said the collaboration is a step to optimise asset utilisation while unlocking new revenue potential from the technology and telecommunications sectors. “This collaboration represents a strategic step for the company to optimise the use of property assets while creating recurring revenue potential from a new business ecosystem integrated with the technology and telecommunications sectors,” Aulia said in an official statement on Thursday, 5 March 2026. The collaboration was formalised by signing a Memorandum of Understanding (MoU) entitled “Property for Device and Telco Solution.” The agreement was signed on Tuesday, 3 March 2026 at Graha Repower Asia, Jakarta, by Aulia Firdaus as President Director of Repower and Deni Darmawan, Chief Executive Officer of Madinah Group Indonesia. Through the collaboration, Repower and Madinah Group Indonesia will explore developing business activities in the field of technology devices and telecommunications solutions, leveraging the company’s property assets. One of the initial implementations of the collaboration is the development of a technology retail store planned to be located in the Pejaten Office Park area, South Jakarta. The store will operate under the brand “Real MFlash” and become part of the technology retail network within the Madinah Group Indonesia ecosystem. The company stated that this step is part of a strategy to develop a property business model that not only focuses on area development but also on optimising asset utilisation through supporting lines of business capable of generating sustainable revenue. In addition, Repower also announced that the company has settled all obligations for administrative penalties previously imposed by the Financial Services Authority (OJK). The settlement is described as part of the company’s efforts to improve regulatory compliance and strengthen the implementation of Good Corporate Governance principles.