Headquarters of Indosat Ooredoo in Jakarta
(black tower in the center)
|Founded||20 November 1967|
|Headquarters||Jl. Medan Merdeka Barat No. 21|
|Ahmad Abdulaziz Al Neama, President and CEO|
|Products||Cellular, Fixed Line and MIDI (Multimedia Data Internet) services|
|Revenue||Rp 26.117 trillion (2019)|
|Rp 1.63 trillion (2019)|
|Total assets||Rp 62.813 trillion (2019)|
|Total equity||Rp 12.723 trillion (2019)|
|Owner||Ooredoo Asia Pte Ltd|
Portal Bursa Digital
Starone Mitra Telekomunikasi
Catur Elang Perkasa
Lintas Media Danawa
PT Indosat Tbk, (doing business as Indosat Ooredoo since 2015 due to Ooredoo's majority stake), is a telecommunications provider in Indonesia. The company offers wireless services for mobile phones, and to a lesser extent, broadband internet lines for homes. Indosat operates their wireless services under a few sub-brands, among them are IM3, Mentari, and Matrix. These brands differ by their payment model (pre-paid vs. post-paid) as well as pricing. Indosat also provides other services such as IDD, fixed telecommunications, and multimedia.
In February 2013, Qtel, a majority stakeholder in Indosat, rebranded itself as Ooredoo. This was followed by a renaming of all their subsidiaries across multiple countries. As such, Indosat was renamed Indosat Ooredoo on November 19, 2015.
As of Q4 2018[update], Indosat had 58 million subscribers. This is a sharp decrease from 2017, where the number was reported as 110 million. The market share was 16.5%, making them the second largest mobile network operator in the country.
Indosat was established as the first foreign investment company in Indonesia that provides international telecommunication services using an international satellite.
Indosat expanded into becoming the first international company that was acquired and 100% owned by the Indonesian Government.
Indosat acquired Satelindo and SLI through share majority. They also established PT Indosat Multimedia Mobile (IM3) to provide and operate a nationwide GPRS network, a first for the country. In 2003, Indosat merged with its 3 subsidiaries—Satelindo, IM3, and Bimagraha—and established itself as a mobile network operator.
Indosat was granted a 3G network license and introduced a 3.5G service in Jakarta and Surabaya. In 2009, Qtel bought 24.19% of series B shares from the public and became Indosat's majority shareholder with a 65% ownership. They were granted the use of additional 3G frequencies later that same year. Indosat also won the WiMAX bid from the government during this period.
In 2014, Indosat launched and commercialized a 4G service at 900 MHz, with a download speed of up to 42 Mbit/s. The service was first rolled out in the major cities, with planned expansions to rural areas. In November 2015, Indosat rebranded itself as Indosat Ooredoo. In 2016, Indosat teamed up with Swedish based music streaming service Spotify to become the first operator to offer Spotify music services in Indonesia.
PT Aplikanusa Lintasarta (Lintasarta)
PT Indosat Mega Media (IndosatM2)
Following are Indosat Ooredoo shareholders: