JAKARTA – PT Communication Cable Systems Indonesia Tbk (CCSI), a company engaged in the fibre optic and electric cable industry, has officially established two new subsidiaries called PT CCSI Niagatama Digital and PT Lucky Joint Indonesia.

Irawan Mario N. Palilingan, Director and Corporate Secretary of CCSI, in the official announcement, confirmed that the subsidiaries were officially formed on December 17, 2024.

PT Lucky Joint Indonesia is set to have authorised capital of IDR 48 billion, with issued and paid-up capital of IDR 12 billion.

The company is designed to carry out activities in the telecommunication cable, internet service provider, telecommunication installation, and telecommunication network construction.

In the meantime, PT CCSI Niagatama Digital has an authorised capital of IDR 5 billion with issued and paid-up capital of IDR 1.25 billion. This particular subsidiary will focus on handling telecommunication tools and machine wholesale, as well as the installation.

PT Lucky Joint Indonesia will have shareholders consisting of CCSI, owning 54 million shares worth IDR 5.4 billion, MINTY Ltd, 54 million shares worth IDR 5.4 billion, and AIRSEALAND HOLDING Pte Ltd of 12 million shares worth IDR 1.2 billion.

For PT CCSI Niagatama Digital, the shareholders consist of CCSI, which has 1,249 shares worth IDR 1.249 billion, and Peter Djatmiko, who has been given one share worth IDR 1 million.

The new subsidiaries are intended to support CCSI’s business activities. “However, this measure will not pose any material impact on operational, legal, and financial activities, as well as business sustainability of the company,” said Palilingan. (DK/ZH)