Insight

WIFI’s Subsidiary to Receive IDR1tn Investment from NTT

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Algo Research Team


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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).


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