JAKARTA. PT Tower Bersama Infrastructure Tbk (TBIG), a telecommunications company belonging to the Djarum Group, has sold 20.59 million treasury shares.

All shares were sold to Bersama Digital Infrastructure Asia Pte. Ltd. For the record, Bersama Digital Infrastructure is the controlling shareholder of the company, with an ownership portion of 74.97%.

The sale of treasury shares was carried out at a price of IDR 2,055 per share. "The total funds received from this transfer amounted to IDR 167.66 billion before deducting transaction costs," said Helmy Yusman Santoso, Director of TBIG, in an official statement.

After selling shares to Bersama Digital Infrastructure, TBIG still owns 20.46 million treasury shares.

According to idnfinancials.com data, TBIG's share price in the first trading session today moved up 30 points or 1.46% to the level of IDR 2,090 per share. In the last 5 years, the company's share price has increased by 970 points or 86.61%. (KR/LM)