PT Tithachi Global Persada acquired 99.99% stake in PT Mitra Telindo Nusantara from PT Mitra Komunikasi Nusantara Tbk (IDX:MKNT) for approximately IDR 500 million on June 19, 2019. Under the terms, PT Tithachi Global Persada acquired 4,999 shares of PT Mitra Telindo Nusantara. Management said that there was no impact on the law and the continuity of the Mitra Komunikasi Nusantara's business. PT Tithachi Global Persada completed the acquisition of 99.99% stake in PT Mitra Telindo Nusantara from PT Mitra Komunikasi Nusantara Tbk (IDX:MKNT) on June 19, 2019.