JAKARTA. PT Inti Bangun Sejahtera Tbk (IBST) is initiating an affiliate transaction with PT Mora Telematika Indonesia Tbk (MORA) or Moratelindo regarding sale and purchase of fibre optic worth IDR 15.7 billion.

In the information disclosure in Indonesia Stock Exchange (IDX) today (27/2), the management of IBST said that the object of this transaction is an idle fibre optic core non-productive for operational activities.

The management of this telecommunication tower company further said that the agreement between IBST and MORA is intended as a business synergy in order to promote synchronous growth, as well as providing benefit and gains for IBST.

Benefits and gains in question include cash inflow that could be utilised as extra working capital, as well as cutting some of depreciation costs on fibre optic. “Another benefit and gain include reducing future operational expenses,” added the management. (AM/ZH)