Djarum-backed telecom infrastructure firm Professional Telekomunikasi Indonesia (Protelindo) has taken a direct 51% stake in listed internet and IT services provider Remala Abadi (DATA), following a share transfer within the group and an additional stake purchase from an existing shareholder.
Protelindo acquired 550 million Remala shares, representing about 40% of the company, from affiliate iForte Solusi Infotek on July 13, according to stock exchange disclosures.
On the same day, Protelindo bought another 151.25 million shares, or about 11%, from shareholder Verah Wahyudi Singgih Wong.
The two transactions brought Protelindo’s direct holding in Remala to 701.25 million shares, or 51%. Wong retains a 29% stake, while public shareholders hold the remaining 20%, based on the rounded ownership figures disclosed by Remala.
The transaction does not change Remala’s ultimate control. The company was previously controlled by iForte, which held about 40% of its shares and is part of the same Sarana Menara Nusantara (TOWR) group as Protelindo.
“The aforementioned changes in the composition of the Company’s shareholders do not result in a change in control of the Company,” Remala said in the filing.
The company added that it “remains controlled by PT Sarana Menara Nusantara Tbk through its subsidiary, Protelindo”.
Protelindo owns 99% of iForte, which had become Remala’s controlling shareholder and completed a mandatory tender offer for the company’s shares in August 2025, the filing showed.
Founded in 2004, Remala provides internet services, IT consulting and fixed cable and wireless network services. The company, which markets retail broadband services under the Nethome brand, listed on the Indonesia Stock Exchange in May 2024.
Separately, on the same day as the share acquisition, the company disclosed loan facilities from three Indonesian banks totalling 1.15 trillion rupiah ($64 million), with Protelindo providing corporate guarantees.
The facilities comprise 600 billion rupiah from PermataBank, 400 billion rupiah from Bank SMBC Indonesia, and 150 billion rupiah from Bank QNB Indonesia. The loans will be used for capital expenditure, working capital, and, in some cases, refinancing existing facilities.
The deal adds to a string of acquisitions by the Djarum Group since late 2024. The group acquired restaurant chain Bakmi GM operator Griya Mie Sejati in December 2024 and, earlier this year, bought the SariWangi tea business from Unilever Indonesia.
