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News Release NIPPON TELEGRAPH AND TELEPHONE EAST CORPORATION

April 11, 2025
Nippon Telegraph and Telephone East Corporation
NTT e-Asia Corporation

Strategic investment in the SURGE Group aimed at expanding affordable FTTH service and bridging the digital divide

Revised on April 11, 2025
The underlined part has been revised.
Before : PT Jaringan Ekosistem Indonesia
After: PT Integrasi Jaringan Ekosistem

NTT e-Asia, which conducts international business in the NTT East group, will invest in PT Integrasi Jaringan Ekosistem, referred to as WEAVE, which provides telecommunications services in Indonesia and is a subsidiary of PT Solusi Sinergi Digital Tbk, referred to as SURGE.

NTT East will collaborate with WEAVE to expand the FTTH business, introducing proper standards and tools for FTTH installation, operation, and maintenance. NTT East is committed to resolving the digital divide in Indonesia.

From left:
Shannedy Ong, Director of Surge
Yune Marketatmo, President Director of Surge
Arwin Rasyid, Commissioner of JIA / Shareholder & Adviser of Surge
Hendrik Tee, Founder of Surge
Fahri Hamzah, Vice Minister of Housing and Settlement of Indonesia
Fadel Muhammad , Commissioner of JIA / Shareholder & Adviser of Surge
Hashim Djojohadikusumo, President Commissioner of JIA
Yasuyuki Nagae, Executive Vice President and Representative Director of NTT e-Asia
Naoki Shibutani, President & CEO of NTT East
Takashi Ebihara, President & CEO of NTT e-Asia

From left:
Arwin Rasyid, Commissioner of JIA / Shareholder & Adviser of Surge
Naoki Shibutani, President & CEO of NTT East

1.Background and Purpose of Investment

The household penetration rate of fixed broadband in Indonesia is still low at 15% (as of 2021)*1 compared to other ASEAN countries and the digital divide is a national issue in Indonesia. Because of the high price of FTTH*2 services (approximately 30 USD/month*3), the service penetration is limited to high-income urban residents and does not reach low- to middle-income households.

WEAVE, established in 2018, has started affordable FTTH services (approximately 6 USD/month) in August 2023, utilizing its optical fiber network along railway lines in Java. NTT e-Asia has been providing technical support to WEAVE since July 2024. Currently, the number of subscribers is approximately 200 thousand, and WEAVE aims to reach 40 million subscribers.

2. Investment Details

  • Method of Stock Acquisition: Subscription to a third-party allotment of new shares
  • Investment Ratio: JIA (50.85%), NTT e-Asia Pte. Ltd. (49.0%), LMM (0.15%)

3. Comments from Stakeholders

Hashim Djojohadikusumo, Senior Advisor of SURGE, stated

“This partnership with NTT East is a historic and transformative step for SURGE and Indonesia. By leveraging NTT East’s world-class capabilities, ecosystem, and operational excellence, we are advancing our mission to bridge the digital divide and accelerate the Affordable Broadband Initiative – empowering millions of Indonesians with meaningful digital access.”

Naoki Shibutani, President & CEO of NTT East, stated

“NTT East is deeply committed to creating long-term value for society. This investment goes beyond building digital infrastructure; it contributes to human resource development, job creation, and economic growth. We will leverage our expertise in providing high-quality and large-scale services in Japan and collaborate closely with SURGE and WEAVE to foster a more connected, inclusive future.”

4. Future Initiatives

Through this investment, we will build a stronger partnership with WEAVE and accelerate FTTH business and other ICT business. This collaboration will contribute to the development of Indonesia’s economy.

[Reference]

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