JAKARTA (Yosefardi) – Internet service provider PT Centrin Online Tbk (CENT) acquires 99.9% stake in PT Indo Pratama Teleglobal (IPT), 1% shares of PT Teleglobal Lintas Media (TLM), and 1% shares of PT Indopratama Jaringan Telematika (IJT).
The company had in September 11, 2013 signed conditional sale and purchase agreement (CSPA) with Tindjaja Soetadji, Setyo Handojo Singgih, and PT Mora Telematika Indonesia.
The transaction is valued for Rp105.99 billion, considered as a material transaction.
Centrin Online suffered loss of Rp546.93 million in first half of this year, compared to profit Rp2.29 billion in the same period of last year. Operating revenue increased to Rp16.39 billion from previous Rp15.75 billion.