DOOH plans 29.88% INET acquisition with loan facility of up to Rp5 trillion
Shareholders also approved a change of name to PT Nexora Energy Infrastructure Tbk as the company pursues AI, clean energy and connectivity infrastructure.
PT Era Media Sejahtera Tbk (DOOH) has obtained shareholder approval for a proposed purchase of a 29.88 per cent stake in PT Sinergi Inti Andalan Prima Tbk (INET). Management said a loan facility of up to Rp5 trillion from DOOH's controlling shareholder would finance the acquisition.
Under the plan, DOOH subsidiary PT Cakrawala Nexus Investama (CNI) will buy 6,685,000,000 INET shares from PT Abadi Kreasi Unggul Nusantara. PT Sinergi Internasional Investama, DOOH's controlling shareholder, will provide the loan facility to fund the purchase through CNI.
The approvals were given at an extraordinary general meeting in Jakarta on 9 November 2026. Shareholders also backed renaming the company PT Nexora Energy Infrastructure Tbk and adding holding-company operations to its principal business activities.
DOOH said the acquisition forms part of its planned shift towards integrated infrastructure, focusing on AI data centres, renewable energy and international connectivity. The INET stake would give it exposure to subsea cable infrastructure, including Rising-8 and Jayabaya, and gateways linking Indonesia and Singapore.
The company also plans to develop the Synergy Gateways of Indonesia-Cable System (SGI-CS) to extend international connectivity. President director Vicktor Aritonang said DOOH's transformation was intended to build infrastructure supporting Indonesia's AI economy.
DOOH also plans a rights issue of up to 154,777,820,720 new shares, accompanied by Series II warrants, to strengthen capital for its infrastructure strategy. Completion of the transaction remains subject to approval from the Financial Services Authority (OJK) and other relevant authorities.
