PT Ekamas Mora Republik Tbk (IDX: MORA) (hereinafter referred to as the “Company”) is one of the largest private telecommunications infrastructure and network providers in Indonesia, established in 2000.
Morarepublic operates in the fields of wired and wireless telecommunications, internet service provision, internet interconnection services (NAP), and data center.
The company is committed to continuing to provide the best service to its customers amid technological advancements and changes in the business environment, and to continuously innovate its products in line with customers’ evolving needs.”
Established in 2000, Morarepublic started its business as a provider of internet and telephone card services.
Then, in 2007, Morarepublic transformed into a telecommunications infrastructure service provider by building a 7.5 km fiber optic cable network in Java. Morarepublic has advantages in fiber optic network infrastructure and the telecommunications industry. These advantages have led the Company to continue to grow to a global level.
In 2008 Morarepublic established a subsidiary company in Singapore and built the Morarepublic International Cable-System One (MIC-1) submarine cable connecting Jakarta with Singapore.
In 2009, Morarepublic actively developed an international network by building a submarine fiber optic cable network BDM (Batam-Dumai-Malaka).
In 2010, in line with growing trust in the Company, the Government of Singapore granted a Facilities-Based Operations (FBO) license as a gateway for international leased line services. In the same year, Morarepublic strengthened its network by building the Sumatra Backbone, which is the construction of a backbone network for both Submarine Cable and Inland Cable that runs along Sumatra Island. The Government of Indonesia also entrusts the Company to support the development of national local infrastructure by providing telecommunications business permits and licenses such as JARTUP (Fixed Closed Network), NAP (Network Access Point), ISP (Internet Service Provider), and JARTAPLOK (Local Fixed Network), and the Company is trusted to build and operate a national data center, namely Nusantara Internet Exchange (NIX). To support business activities.
In 2012 Morarepublic established 6 (six) Nusantara Data Centers (NDC) with Tier 2 design standards, which are integrated with each other in Medan, Batam, Palembang, Jakarta, Surabaya, Bali. All Morarepublic NDCs are connected to hundreds of PoPs and High Rise Buildings as well as the entire Morarepublic network. In the same year, Morarepublic also developed an international network of undersea fiber optic cable B3JS (Jakarta-Bangka-Bintan-Batam-Singapore) as the 3rd project (sea cable) for an international scope, so that the fiber optic cable network that has been successfully built up to in 2012 reached a length of 7,620 km.
In 2014, Morarepublic strengthened its network through Metro-E infrastructure which was built in 21 cities, bringing the total network owned in 2014 to 9,681 km.
In 2015 Morarepublic decided to expand its Fiber To The X (FTTX) for Corporate Market. A year later, Morarepublic entered the FTTX retail market through the “oxygen.id” brand.
Long experience as a trusted company has placed Morarepublic as a leading telecommunications infrastructure provider in Indonesia. Thanks to the advantages of the Company, the Government of Indonesia has entrusted Morarepublic to carry out the national strategic priority infrastructure projects of the Central Government by appointing the Company as the winner of the tender for the West Palapa Ring Project and the East Palapa Ring Project in 2016. The Palapa Ring project is a project between the Central Government and Morarepublic's subsidiary, PT Palapa Ring Barat and PT Palapa Timur Telematika launched by the Ministry of Communication and Information (Kemenkominfo) of the Republic of Indonesia which aims to build telecommunications infrastructure in the form of fiber optic development throughout Indonesia. The Palapa Ring project integrates the existing network with the new network. The network will be the foundation of all telecommunications operators and users of telecommunications services in Indonesia and integrated with the network already owned by telecommunications operators. The West Package Palapa Ring Project has been operating since March 2018, while the East Package Palapa Ring has been operating since August 2019.
After successfully implementing the West Palapa Ring and East Palapa Ring projects, both of which are national strategic priority infrastructure projects for the Central Government, Morarepublic through the KSO BPS-Moratelindo which is a joint operation was formed on December 6, 2019 between the Company and PT Bhumi Pandanaran Sejahtera (Perseroda) (“ BPS") based on the results of the selection of operational partners for the Cooperation Project for the Provision of Passive Telecommunication Infrastructure Services organized by BPS, has succeeded in regaining the trust of the Semarang City Government to cooperate in the construction, operation, exploitation and provision of passive telecommunications infrastructure services in the Semarang City area. Cooperation in the Provision of Public Services for Passive Telecommunication Infrastructure for the City of Semarang is a development project for the operation, exploitation and supply of U-ditch (channels made of reinforced concrete with a cross section of the letter “U”) and/or Makroduct (High-Density Polyethylene/HDPE pipelines) which used for the placement of fiber optic cables by telecommunications operators so that there are no longer aerial fiber optic cables through cellular telecommunications poles and towers to be used by telecommunications operators, as well as their supporting facilities and equipment. Through this project, KSO BPS-Moratelindo will carry out the construction of joint ducting works and cellular telecommunications towers with an estimated length of 506,064-meter U-ditch and/or Makroduct on roads owned by the Semarang City Government starting with priority roads in the city of Semarang, namely Jalan MT Haryono, Ahmad Yani Street, Pahlawan Street, Pandanaran Street, Simpang Lima Roundabout Street, Gajah Mada Street, Imam Bonjol Street, and Pemuda Street. The pattern of cooperation between the Semarang City Government and the KSO BPS-Moratelindo is based on Regional Cooperation with Third Parties (KSDPK) in terms of providing public services, with a cooperation period of 20 (twenty) years from the Commercial Operational Date. As a form of return on investment, KSO BPS-Moratelindo will lease the Project Assets to telecommunication operators for 20 years after the Commercial Operation Date.
In 2021 Morarepublic will continue to expand by developing Fiber To The Home (FTTH) to new cities such as Jambi, Bandung, Semarang and continuing the development of FTTX to the cities of Kupang and Labuan Bajo. Morarepublic continues to expand the Oxygen Home area (home internet), where FTTH at the end of 2021 has reached 413,025 home passes and 111,968 total subscribers. As of December 31, 2021, the Company's FTTX solution provides connections to approximately 216 buildings and 6,700 connections to private and government entities (which are not telecommunications providers).
From the Capital Market side, Morarepublic has also succeeded in issuing Bonds in 2017 with a value of IDR 1,000,000,000 (one trillion Rupiah), which during the initial offering period received a positive response from investors with oversubscribed up to approx. 1.4 times of the target of IDR 1,000,000,000 (one trillion Rupiah) and issuing Sukuk through Sustainable Public Offerings in 2019 with a value of IDR 1,000,000,000 (one trillion Rupiah); in 2020 with a value of IDR 277,000,000,000,000 (two hundred and seventy seven billion Rupiah) and IDR 389,515,000,000 (three hundred and eighty nine billion five hundred and fifteen million Rupiah); and in 2021 with a value of IDR 500,000,000,000,000 (five hundred billion Rupiah).
Effective as of July 2022, Morarepublic has obtained approval from the Financial Services Authority to conduct an Initial Public Offering so that the Company's status changes to a Public Company. The Company's IPO experienced excess demand or oversubscribed up to 227.35 times, exceeding a number of previously set targets. This is a historic moment for the Company which is an indicator of a positive response from the level of public trust in MORA. As of August 8, 2022, Morarepublic has officially listed its shares for trading on the Main Board of the Indonesia Stock Exchange (“IDX”) with the stock code MORA.