Jakarta, 14 April 2025 – In the current era of digital transformation, telecommunication and information infrastructure has become the main foundation for digital-based economic growth. The e-Conomy SEA 2024 report released by Google, Temasek, and Bain & Company estimates that the gross transaction value (GMV) of all digital economic activities in Indonesia will grow from US$80 billion in 2023 to US$90 billion in 2024. The growth rate of Indonesia’s digital economy will continue to persist until 2030, which is estimated to reach US$360 billion (Rp5,680 trillion).

As a catalyst for sustainable infrastructure development, PT Indonesia Infrastructure Finance (IIF) also plays a role in supporting the strengthening of the national digital economy through a series of strategic steps in providing investment financing in the sector.

Chief Investment Officer of IIF, M. Ramadhan Harahap (Idhan) said, “Until 2024, IIF has provided financing of more than Rp3.1 trillion for the telecommunications and information sector. Various sectors, ranging from the construction of submarine fiber optic cables connecting Jakarta and Singapore, the construction of BTS (Base Transceiver Station) towers, to satellites, have been supported to strengthen digital connectivity and expand the reach of telecommunications services throughout Indonesia.”

Most recently, IIF collaborated with PT Smartfren Telecom Tbk (Smartfren) and PT Smart Telecom (Smartel) to sign a syndicated loan agreement worth Rp10 trillion on 14 November 2024. As one of the lead arrangers, IIF received a credit disbursement portion of Rp500 billion.

Idhan added that the development of telecommunications and information infrastructure also helps reduce the digital divide between urban and rural areas. With wider internet access, people in remote areas can access education, health services, and wider economic opportunities.

PT Indonesia Infrastructure Finance
PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary Division
PT Indonesia Infrastructure Finance
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