Indonesia's Era Media to buy 29.88% of telecom firm INET for ~$112M
What's the deal? PT Era Media Sejahtera (DOOH)Dealroom has a profile for this one. Try Dealroom →, through its subsidiary PT Cakrawala Nexus Investama (CNI)Dealroom has a profile for this one. Try Dealroom →, will acquire a 29.88% stake in telecom infrastructure firm PT Sinergi Inti Andalan Prima (INET)Dealroom has a profile for this one. Try Dealroom → for 2,005,500,000,000 rupiah (roughly $112 million). The deal, announced in October 2026, covers 6,685,000,000 shares bought from PT Abadi Kreasi Unggul Nusantara (AKUN)Dealroom has a profile for this one. Try Dealroom → at 300 rupiah each.
What's the endgame? Era Media, a digital out-of-home advertising company, says the purchase extends its ecosystem into integrated telecom infrastructure. It frames the move as a structural expansion that opens a new chapter for the firm's operations.
Why now? The acquisition is large relative to Era Media's size — 647.90% of its total equity as of June 30, 2026 — so it qualifies as a material transaction requiring shareholder approval. An extraordinary general meeting is scheduled for November 9, 2026.
How it's funded: Era Media will cover 120,000,000,000 rupiah from its IPO proceeds. The rest comes from a 2,000,000,000,000 rupiah credit facility provided by controlling shareholder PT Sinergi Internasional InvestamaDealroom has a profile for this one. Try Dealroom →, also on the November agenda.
By the numbers: An independent appraiser, KJPP TOHDealroom has a profile for this one. Try Dealroom →, valued INET's shares at 296 rupiah each as of June 30, 2026, making the 300 rupiah price a 1.2% premium. INET's total assets reached 6,111,011,414,909 rupiah at the end of June 2026.
What changes? Control of INET does not shift. AKUN keeps 29.89% and remains the controlling shareholder, leaving CNI as a non-controlling investor at 29.88%. The two parties report no affiliation, and the trade will settle via the C-BEST negotiated market under a share purchase agreement dated September 1, 2026.
The signal: An advertising company buying into telecom infrastructure points to diversification beyond its core, a bet that control of connectivity assets strengthens its broader media ecosystem.
Read more: pintarsaham.id
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