Client
–
PT Mora Telematika Indonesia Tbk (“Moratelindo”) and PT Eka Mas Republik (“MyRepublic Indonesia”)
Merger
–
Merger of Moratelindo and MyRepublic Indonesia to form PT Ekamas Mora Republik Tbk (IDX: MORA)
(“MoraRepublic”)
Transaction summary
Deal value
Transaction highlights
- Establishes MoraRepublic as a leading integrated digital infrastructure and services company in Indonesia and a cornerstone of Sinar Mas’ Telecommunication and Technology pillar strategy on digital infrastructure
- Combined entity operates ~115,000 km of fibre-optic cables, ~9.7 million homepasses, and over 1.82 million retail customers across Indonesia
Represents one of the most significant consolidations in Indonesia’s digital infrastructure sector
Completion
Apr-26
Client description
Moratelindo is a wholesale enterprise backbone fibre operator
- MyRepublic Indonesia is an FTTH last-mile platform
- MoraRepublic (formerly Moratelindo), the surviving entity post-merger, is now a subsidiary of PT Dian Swastatika Sentosa Tbk (“DSS”) and part of Sinar Mas Group
Redpeak role
–
Exclusive financial advisor on the transaction
–
Managed a complex transaction involving the merger of a listed company (Moratelindo) and an unlisted company (MyRepublic Indonesia). This required running two parallel transaction workstreams, M&A and capital markets, and their advisors (including independent valuers, transaction counsel, auditors, a securities firm and regulatory counsel) under a tight timeline
–
Drove all key workstreams through to obtaining regulatory and shareholder approvals, achieving transaction close in just over four months from signing
