PT Profesional Telekomunikasi Indonesia signed sale and purchase agreements to acquire 94.03% stake in PT Solusi Tunas Pratama Tbk (IDX:SUPR) from a group of shareholders for IDR 16.7 trillion on September 4, 2021. PT Profesional Telekomunikasi plans to launch an offer to acquire remaining shares. Protelindo raised IDR 14 trillion in new loans and utilized approximately IDR 2.7 trillion from available facilities for the acquisition. Redpeak Advisers acted as Protelindo's exclusive financial adviser for the Proposed Transaction. Duane Morris and Makes & Partners acted as legal counsel for Protelindo.

PT Profesional Telekomunikasi Indonesia completed the acquisition of 94.03% stake in PT Solusi Tunas Pratama Tbk (IDX:SUPR) from a group of shareholders on October 1, 2021.