PT Tower Bersama Infrastructure Tbk (IDX:TBIG) made an offer to acquire additional 9.4% stake in PT Gihon Telekomunikasi Indonesia Tbk (IDX:GHON) for IDR 70.1 billion on October 1, 2018. 51.94 million shares will be acquired as part of the deal at IDR 1350 per share. Tender offer was triggered as PT Tower Bersama Infrastructure Tbk signed an agreement to acquire additional 70.8% stake in PT Gihon Telekomunikasi Indonesia Tbk (IDX:GHON) from Rudolf Parningotan Nainggolan, Hotma Linda Ebigail Sirait and Pt Gihon Nusantara Tujuh on October 1, 2018. The period of the tender offer will take place from December 21, 2018 to January 21, 2019. Payment will be made on February 1, 2019.

PT Tower Bersama Infrastructure Tbk (IDX:TBIG) completed the acquisition of additional 9.4% stake in PT Gihon Telekomunikasi Indonesia Tbk (IDX:GHON) on January 21, 2019. PT Tower Bersama now controls 50.43% of the shares of PT Gihon Telekomunikasi.