PT. Dayamitra Telekomunikasi entered into sale and purchase agreement to acquire 2100 telecommunication towers from PT Indosat Tbk (IDX:ISAT) for IDR 4.4 trillion on October 15, 2019. Consideration will be satisfied in cash at closing. In a related transaction, PT Profesional Telekomunikasi Indonesia entered into sale and purchase agreement to acquire 1000 telecommunication towers from PT Indosat Tbk on October 15, 2019. PT. Dayamitra Telekomunikasi and PT Profesional Telekomunikasi Indonesia announced as winning bidders of a competitive tender process for the sale by Indosat Ooredoo of 3,100 telecommunications towers. The transactions is subject to customary closing conditions including shareholders' approval of Ooredoo Q.P.S.C. (DSM:ORDS) at extraordinary general meeting which will held on November 21, 2019. Transaction is expected to close before the end of 2019. J.P. Morgan acted as financial advisor to PT Indosat Tbk. Pt Credit Suisse Sekuritas Indonesia acted as financial advisor to PT. Dayamitra Telekomunikasi. Teguh Arwiko of Hiswara Bunjamin & Tandjung acted as legal advisor to PT Indosat Tbk. Giles Kennedy and Jacqueline Chan of Milbank LLP acted as legal advisors to PT Indosat.

PT. Dayamitra Telekomunikasi completed the acquisition of 2100 telecommunication towers from PT Indosat Tbk (IDX:ISAT) in Fourth Quarter of 2019.