PT SMI and Famika Agree on IDR 150 Billion in Financing Cooperation to Promote Network Infrastructure-Based Telecommunications Transformation

Jakarta, August 4, 2025 — PT Sarana Multi Infrastruktur (Persero) (PT SMI) has officially entered into an agreement with PT Fajar Mitra Krida Abadi (Famika), a national company engaged in the construction, management, and investment sectors of telecommunications infrastructure. PT SMI is providing financing worth IDR 150 billion using the Sharia-compliant Musyarakah Mutanaqisah (MMQ) financing scheme. Famika will use the funds to shift its business to a long-term and sustainable fiber optic network management and investment company. The financing facility agreement was signed at PT SMI's office in the Sahid Sudirman Center Building, Jakarta, on Monday, August 4, 2025. The agreement was signed by PT SMI's Director of Financing and Investment, Sylvi J. Gani, and Famika's President Director, Amir Jatmiko.

As a Special Mission Vehicle (SMV) under the auspices of the Indonesian Ministry of Finance, PT SMI consistently plays an active role in supporting the growth of the digital sector and national connectivity through this facility. "The financial support that PT SMI provides to Famika is part of our commitment to accelerating the development of national digital infrastructure. We view PT Famika as a strategic partner in realizing the national fiberization program and an inclusive and sustainable digital ecosystem. Today's agreement demonstrates our trust in their role in accelerating equitable access to technology across various regions," said Sylvi J. Gani, Director of Financing and Investment at PT SMI.

Through a financing scheme based on the Musyarakah Mutanaqisah contract, the funds will be used to refinance Famika's fiber optic network project, spanning over 3,412 km, the majority of which is located on the island of Sulawesi. Furthermore, Famika plans to expand its business by building a fiber optic network of up to 3,000 km, expanding its Fiber to the Home (FTTH) network, and developing managed services for national telecommunications companies' networks.

Famika aims to accelerate its transformation from an Outside Plant (OSP) construction services provider to a fiber optic network infrastructure provider and management company with stable, recurring income. "This financing is a significant milestone in Famika's roadmap to create a healthier, more sustainable business model with a high Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin. We are not only building the network, but now we are also managing it and turning it into a productive asset," said Famika's President Director, Amir Jatmiko.

This financing will drive Famika's growth through three main revenue pillars: Telecommunications Construction (OSP), Managed Service Infrastructure, and Fiber Optic Network Investment (Asset-based Model). With this strategy, Famika targets a significant increase in recurring income over the next five years, reducing reliance on short-term projects and achieving sustainable long-term growth.

Over the past five years, the demand for bandwidth and home internet connections (FTTH) has continued to grow at over 15% per year. The government is targeting fiber optic network expansion as the backbone of the national digital transformation, including in the education, creative economy, e-commerce, and smart city sectors.

With 3,000 km of fiber optic assets and service management capabilities, Famika is poised to become a key player in providing high-quality networks for households and corporations.

This collaboration marks a significant milestone in Famika's efforts to strengthen its business fundamentals and increase its valuation through an asset-based investment strategy and long-term contracts. "There are five strategic benefits of financing from PT SMI for Famika: improving its capital structure, reducing the cost of funds, increasing cash flow certainty, expanding the scale of productive assets, and enhancing the company's bargaining power in ISP market consolidation and national fiberization," said Suparti Asno, Famika's Finance Director.

Meanwhile, for PT SMI, this agreement also expands the company's portfolio in the telecommunications sector. As of June 2025, PT SMI has supported the acceleration of telecommunications infrastructure development, with a total project value of IDR 107.75 trillion. PT SMI's financing has also helped improve services to 91.5 million telecommunications service users.

The Company is also expanding access to telecommunications services by assisting in the construction of 590 new telecommunications towers and 2,995 fiber optic networks. Thus, the Company's support has increased telecommunications service capacity by 502 Gbps. This active role aligns with the mandate given to PT SMI to accelerate development throughout the country, including supporting the national digital transformation.

- end -

About PT Fajar Mitra Krida Abadi (Famika)

PT Fajar Mitra Krida Abadi is a national company engaged in the construction, management, and investment sectors of telecommunications infrastructure. It has over two decades of experience in network development and managed services, and is now entering the national digital infrastructure investment phase. Famika has a track record in strategic projects for state-owned enterprises (BUMN), local governments, and national ISPs.

About PT Sarana Multi Infrastruktur (Persero)

PT Sarana Multi Infrastruktur (Persero) ("PT SMI"), established on February 26, 2009, is a State-Owned Enterprise under the coordination of the Ministry of Finance, in the form of a Non-Bank Financial Institution (LKBB). PT SMI plays a role and has a mandate as an agent of sustainable development. PT SMI has three business pillars: Commercial Financing, Public Financing, and Consulting Services and Project Development.

PT SMI has various unique functions and products/features to support the acceleration of infrastructure development. It not only serves as an infrastructure financing provider but also as an enabler through the implementation of Public-Private Partnership (PPP) schemes involving various private and multilateral financial institutions. PT SMI actively supports the implementation of PPP schemes and encourages the acceleration of infrastructure development in the regions through regional loan products.

For more information, contact:

Humas PT Fajar Mitra Krida Abadi
info@fajarmitra.co.id
+62 21 7375523
www.fajarmitra.co.id

Ramona Harimurti
Head of Corporate Secretary Division
PT Sarana Multi Infrastruktur (Persero)
Tel: +6221 8082 5288
Fax.: +6221 8082 5258
Email: corsec@ptsmi.co.id
Website: www.ptsmi.co.id