PT Infrastruktur Bisnis Sejahtera entered into agreement to acquire 26% stake in PT Palapa Timur Telematika from PT Inti Bangun Sejahtera Tbk (JKSE:IBST) for IDR 3.2 billion on January 12, 2017. PT Infrastruktur Bisnis Sejahtera acquired 286 shares of PT Palapa Timur Telematika. PT Infrastruktur Bisnis Sejahtera completed the acquisition of 26% stake in PT Palapa Timur Telematika from PT Inti Bangun Sejahtera Tbk (JKSE:IBST) on January 12, 2017.