PT Tower Bersama Infrastructure Tbk (IDX:TBIG) entered into share purchase agreement to acquire 51% stake in PT Visi Telekomunikasi Infrastruktur Tbk (IDX:GOLD) from group of shareholders on November 30, 2018. Under the terms of the transaction, PT Tower Bersama Infrastructure will purchase 160.5 million shares of Visi. The group of shareholders includes PT Amanda Cipta Persada, PT Mulia Sukses Mandiri, Scavino Ventures Ltd., Jonathan Chang, PT Lancar Distrindo and PT Sukses Prima Sakti. On December 14, 2018, PT Tower Bersama Infrastructure Tbk signed a supplemental agreement for the transaction.

PT Tower Bersama Infrastructure Tbk (IDX:TBIG) completed the acquisition of 51% stake in PT Visi Telekomunikasi Infrastruktur Tbk (IDX:GOLD) from group of shareholders for IDR 35.5 billion on November 30, 2018. Assegaf Hamzah & Partners acted as advisor in the deal.