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Indosat

Summary

PT Indosat Tbk
Indosat Ooredoo
TypePublic
IDX: ISAT
IndustryTelecommunications
Founded20 November 1967; 53 years ago (20 November 1967)
HeadquartersJl. Medan Merdeka Barat No. 21
Jakarta Pusat
Jakarta, Indonesia
Key people
Ahmad Abdulaziz Al Neama, President and CEO[1]
ProductsCellular, Fixed Line and MIDI (Multimedia Data Internet) services
RevenueDecrease Rp 26.117 trillion (2019)
Increase Rp 1.63 trillion (2019)
Total assetsIncrease Rp 62.813 trillion (2019)
Total equityIncrease Rp 12.723 trillion (2019)
OwnerOoredoo Asia Pte Ltd
SubsidiariesIndosatM2
Lintasarta
Portal Bursa Digital
Starone Mitra Telekomunikasi
Dawamiba Engineering
Catur Elang Perkasa
Lintas Media Danawa
Websitewww.indosatooredoo.com

PT Indosat Tbk, (doing business as Indosat Ooredoo since 2015 due to Ooredoo's majority stake), is a telecommunications provider in Indonesia.[2] 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.[3]

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.[4] As such, Indosat was renamed Indosat Ooredoo on November 19, 2015.[5]

As of Q4 2018, Indosat had 58 million subscribers.[6] 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.

History

1967

Indosat was established as the first foreign investment company in Indonesia that provides international telecommunication services using an international satellite.

1980

Indosat expanded into becoming the first international company that was acquired and 100% owned by the Indonesian Government.

1994–2003

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.

2003–2009

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.

2012–Present

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.[7]

Subsidiaries

PT Aplikanusa Lintasarta (Lintasarta)

  • Lintasarta (PT Aplikanusa Lintasarta) is an Indonesian company serving as provider of data communication. The company is majority owned by Indosat Ooredoo, while the remaining shares are owned by several institutions such as foundations and cooperatives. The company provides various terrestrial solution services (Wireline, Wireless) and VSAT with multiple platforms such as Clear Channel, Frame Relay, and IP. It also provides dedicated internet service and acts as a Data Center.

PT Indosat Mega Media (IndosatM2)

  • PT Indosat Mega Media (IndosatM2) is a company 100 percent owned by PT Indosat Tbk, a telecommunications service provider in Indonesia. IndosatM2 has been operational since 2000 in building and applying IP based services and products, internet, and multimedia in Indonesia.

Slogans

As Indosat

  • Sinyal Kuat Indosat (Indosat Strong Signal, 2002–2005)
  • Indosat, Kami Lebih Peduli (Indosat, We Care More, 1994–2005)
  • Indosat, The Future is Here (2005–2006)
  • Punya Indosat (Owned by Indosat, 2006–2015)

As Indosat Ooredoo

  • Indosat Ooredoo, Mari Sambut Perubahan (Indosat Ooredoo, Let's Welcome The Change, 2015–present)

Shareholders

Following are Indosat Ooredoo shareholders:

References

  1. ^ "Pria Asal Qatar Ini Ditunjuk Jadi Dirut Indosat".
  2. ^ Investments, Indonesia. "Indosat Indonesia Investments". www.indonesia-investments.com. Retrieved 2016-02-02.
  3. ^ "Conexus". www.conexusmobile.com. Archived from the original on 2014-03-29. Retrieved 2016-02-02.
  4. ^ "Qtel rebrands as Ooredoo - - ITP.net". ITP.net. Retrieved 2016-02-02.
  5. ^ "Indosat Ganti Nama jadi Indosat Ooredoo". CNN Indonesia. Retrieved 2016-02-02.
  6. ^ "Indosat suffers from 4G network underfunding".
  7. ^ "Spotify partners Indosat with 'affordable' Indonesian service". Nikkei Asia. Retrieved 2020-10-22.
  8. ^ "Shareholders (as of 31 March 2014)" (PDF). Indosat. Retrieved 30 April 2013.