Moratelindo Shareholders Approve Merger with MyRepublic Indonesia
Press Release
Moratelindo Shareholders Approve Merger with MyRepublic Indonesia
Jakarta, 26 March 2026 – Shareholders of PT Mora Telematika Indonesia Tbk (“Moratelindo” or the “Company”, IDX: MORA) have approved the Company’s proposed merger with PT Eka Mas Republik (“EMR” or “MyRepublic Indonesia”). The approval was obtained at the Company’s Extraordinary General Meeting of Shareholders (“EGMS”) held today, Thursday, March 26, 2026. The effective date of the merger, or legal day one, is scheduled for April 22, 2026.
The merger between Moratelindo and MyRepublic Indonesia represents a strategic step taken by both companies to support Indonesia’s digital agenda, particularly in accelerating and expanding the development of the country’s digital ecosystem.
In this EGMS, the shareholders of the Company have also approved amendments to several provisions of the Company’s articles of association, including the change of the Company’s name from PT Mora Telematika Indonesia Tbk to PT Ekamas Mora Republik Tbk. In addition, the shareholders of the Company approved the change in the Company’s controlling shareholder as a result of the merger, from PT Candrakarya Multikreasi to PT Innovate Mas Utama.
The shareholders of the Company also approved changes to the composition of the Board of Commissioners and the Board of Directors, which will take effect on the merger’s effective date (upon approval from the Minister of Law).
● Board of Commissioners Composition of PT Ekamas Mora Republik Tbk
Share to
President Commissioner & Independent Commissioner : Arsjad Rasjid
Commissioner : Marlo Budiman
Commissioner : Handhianto S. Kentjono
● Board of Directors Composition of PT Ekamas Mora Republik Tbk
President Director : Timotius M. Sulaiman
Director : Yopie Widjaja
Director : Hendra Gunawan
Director : Edward Sanusi
Director : Iman Syahrizal
Director : Melanie Maharani
Director : Edward Anwar
Director : Jimmy Kadir
Director : Genta Andhika Putra
Director : Michael C. McPhail
Director : Resi Y. Bramani
Timotius M. Sulaiman, President Director-designate of PT Ekamas Mora Republik Tbk, stated, “The shareholders’ approval today marks an important milestone toward the realization of the merger. We are optimistic that this synergy will strengthen the company’s capacity to elevate service quality, while accelerating and promoting the equitable development of Indonesia’s digital ecosystem.
Furthermore, Timotius added, “This merger is a strategic step to create sustainable synergies in both financial and operational aspects through the optimization of operating costs, the avoidance of duplicated capital expenditures, more efficient spending, the maximization of the network capacity and assets owned by both merging companies, and infrastructure development. This will be achieved through the utilization of the combined assets from the backbone to the last mile. Going forward, this synergy is expected to drive faster and broader corporate growth with even greater potential. This merger will make PT Ekamas Mora Republik Tbk a stronger and more competitive entity, while also creating greater added value for all stakeholders, including customers, employees, the state, and shareholders.”
Arsjad Rasjid, President Commissioner and Independent Commissioner-designate of PT Ekamas Mora Republik Tbk, said, “This momentum marks a pivotal phase in strengthening the company’s structure and shaping its long-term direction, with a focus on building an even stronger foundation of governance as the business continues to grow. The Board of Commissioners will actively guide the integration process with prudence, transparency, and accountability, ensuring that growth goes hand in hand with long-term value creation. With this solid foundation, the company is positioned to play a leading role in expanding a more inclusive digital ecosystem and contributing sustainably to Indonesia’s economy in the years ahead.”
Following this merger, the two companies will combine their complementary network strengths. Moratelindo, an experienced Network Access Provider and Internet Service Provider established in 2000, is among the largest fiber-optic backbone service providers in Indonesia. As of September 2025, Moratelindo operates more than 57,000 kilometers of fiber-optic cable, manages 6 data centers with 3.3 megawatts capacity, serves more than 16,800 enterprise customers, and powers almost a million homepasses nationwide with more than 296,000 retail customers.
MyRepublic Indonesia, a subsidiary of PT Dian Swastatika Sentosa Tbk (IDX: DSSA), is a leading fiber-to-the-home (FTTH) network provider. As of September 2025, MyRepublic Indonesia delivers high-speed internet connectivity of up to 1 Gbps to more than 1.52 million end users. Its fiber optic network cable spans over 58,000 kilometers and covers more than 8.7 million homepasses across Indonesia.
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About Moratelindo (MORA)
MORA is one of the largest fiber-optic backbone network service providers in Indonesia, with international connectivity extending to Singapore through the Moratelindo International Cable System One (MIC-1), landing at docking stations in Changi and Batam. MORA is also supported by a strong subsea fiber-optic backbone infrastructure connecting Batam–Dumai–Malacca (BDM). This is further complemented by the development of an international subsea fiber-optic cable network linking Jakarta–Bangka–Bintan–Singapore (B3JS).
In addition, MORA operates nine domestic backbone networks, namely: Dumai–Medan (DAMAI); Jambi–Batam Cable System (JIBA); Sumatra Backbone (SBB); Ultimate Java Backbone (UJB); Jayabaya; Palapa Ring Barat (PRB); Palapa Timur Telematika (PTT); Surabaya–Denpasar; and Bali–Nusa Tenggara. Through its integrated domestic and international network infrastructure, MORA is able to provide reliable, high-speed internet connectivity.
As of September 2025, MORA operates more than 57,000 kilometers of fiber-optic networks and manages 6 (six) data centers located in Batam, Medan, Palembang, Jakarta, Surabaya, and Denpasar, with a total capacity of 3.3 megawatts. The company serves more than 16,800 enterprise customers and supports nearly one million homepasses nationwide, with over 296,000 retail customers.
