Sinar Mas Strikes Again: Shareholders Approve Landmark Merger of Moratelindo and MyRepublic

JAKARTA, Investortrust.id — The consolidation of Indonesia’s digital landscape shifted into high gear on Thursday, March 26, 2026, as shareholders of PT Mora Telematika Indonesia Tbk (MORA) greenlit a merger with MyRepublic. The move marries one of the nation’s largest independent backbone providers with an aggressive retail internet player, creating a vertically integrated challenger to the country’s telecommunications incumbents.

The Extraordinary General Meeting of Shareholders (RUPSLB)—a standard Indonesian corporate mechanism for major structural changes—finalized the union, which is slated to become legally effective on April 22, 2026. The surviving entity will operate under a new banner: PT Ekamas Mora Republik Tbk.

This merger is a calculated bet on the "last mile" of Indonesia’s digital economy. By combining a massive wholesale fiber network with a retail subscriber base, the new entity aims to solve a classic infrastructure headache: how to profitably deliver high-speed data across a sprawling archipelago. For global investors, the deal represents a significant deepening of the Sinar Mas Group’s footprint in the TMT (Technology, Media, and Telecommunications) sector, moving the conglomerate closer to a dominant position in domestic connectivity.

A New Corporate Architecture

The merger triggers a significant shift in the company’s cockpit. Control of the entity will transition from PT Candrakarya Multikreasi to PT Innovate Mas Utama, an affiliate of the Sinar Mas-backed PT Dian Swastatika Sentosa Tbk (DSSA).

The boardroom is also getting a makeover. Arsjad Rasjid, a prominent figure in Indonesian commerce, will step in as President Commissioner and Independent Commissioner. Timotius M. Sulaiman, the incoming President Director, spoke on Friday, March 27, 2026, describing the shareholder approval as the final hurdle before realizing a "sustainable financial and operational synergy."

"We are optimistic that this synergy will strengthen the company’s capacity to improve service quality and drive the acceleration of the digital ecosystem in Indonesia," Timotius said. He emphasized that the integration is designed to optimize operational costs and streamline capital expenditure by leveraging assets ranging from the "backbone"—the high-capacity fiber trunks—to the "last mile" connections that reach individual homes.

The Infrastructure Juggernaut

The combined scale of the new Ekamas Mora Republik is formidable. As of September 2025, Moratelindo brought to the table a fiber optic network spanning 57,000 kilometers (35,418 miles) and six data centers with a 3.3-megawatt capacity. Its portfolio was heavily weighted toward enterprise clients and wholesale network access.

MyRepublic, meanwhile, serves a different flank. As of the same period, it boasted 58,000 kilometers (36,039 miles) of fiber and over 8.7 million "homepasses"—the industry term for the number of premises a network has the potential to connect. MyRepublic’s retail-heavy focus, offering speeds up to 1 Gbps, provides the necessary consumer-facing volume to complement Moratelindo’s industrial-grade hardware.

Incoming President Commissioner Arsjad Rasjid noted on Friday, March 27, 2026, that the board would maintain strict oversight during the integration phase. "The Board of Commissioners will perform its supervisory function with discipline to ensure the integration process follows principles of prudence, transparency, and accountability," Arsjad said.

For a nation still racing to connect its remote provinces to the global web, the birth of Ekamas Mora Republik signals that the next phase of the Indonesian internet will be defined by scale, institutional backing, and aggressive vertical integration.