Hendra Kendro signed a memorandum of understanding to acquire 70% stake in PT Intouch Innovate Indonesia from PT Skybee Tbk (JKSE:SKYB) on June 27, 2014.

Hendra Kendro completed the acquisition of 70% stake in PT Intouch Innovate Indonesia from PT Skybee Tbk (JKSE:SKYB) for approximately IDR 340 million on December 19, 2014.