WIFI’s Subsidiary to Receive IDR1tn Investment from NTT

Key Summary:
- NTT e-Asia to invest IDR 1 trillion for 49% ownership in IJE
- IJE is WIFI’s subsidiary with significant contribution to earnings
- Strategic investment & partnership are positives for growth
Solusi Sinergi Digital (WIFI) has announced that its subsidiary, Integrasi Jaringan Ekosistem (IJE), will receive a strategic investment of IDR 1 trillion from NTT e-Asia, one of Japan’s largest global telecommunications firms.
What’s the news? IDR 1 trillion investment from NTT e-Asia represents 49% ownership in IJE, implying a total valuation of around IDR 2 trillion (equivalent to $123 million).