Indosat

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PT Indosat Tbk
Type Public
Traded as IDXISAT
NYSEIIT
Industry Telecommunications
Founded 1967
Headquarters Jl. Medan Merdeka Barat 21
Jakarta, Indonesia
Key people Alexander Rusli, President Director & CEO [1]
Products Cellular, Fixed Line and MIDI (Multimedia Data Internet) services
Owners Ooredoo Asia PTE LTD (65.00%)
Government of Indonesia (14.29%)
Skagen AS entities (5.42%)
Public (15.29%).[2]
Subsidiaries Indosat Mega Media (IM2) , Lintas Arta, SMT
Website www.indosat.com

Indosat is one of Indonesia's largest telecommunication networks and services provider.[3]

Indosat offers (prepaid and postpaid) mobile phone services (Mentari, IM3 and Matrix), fixed voice services (including International Direct Dialing (IDD)), fixed wireless and fixed telephone services.[3][4] The company also provides Multimedia, Internet & Data Communication Services (MIDI).[4]

As of 2012 the company holds around 21 percent of market share. It has around 50 million cellular subscribers.[3] An Indonesian investment website stated that the company has lost a couple of percentage points in terms of market share on the mobile phone market in Indonesia in recent years.[3] Onbile.com listed the company as the third largest telecommunications company in Indonesia in 2013, coming behind Telkomsel and XL Axiata.[5]

History[edit]

Indosat has long history of ownership and change of purpose and goals from its establishment on 10 November 1967.[3][6] After being bought by Indonesian government from foreign investment company, the company began as a commercial international telecommunications service provider (IDD) in September 1969.[6] The company connected to Intelsat (International Telecommunications Satellite Organization), an earth station in Indonesia, to access Intelsat's Indian Ocean Region satellites until 1989.[6]

The company's shares were registered on the Indonesia Stock Exchange on 19 October 1994 (code: ISAT).[3] Its form of American Depositary Shares are registered at New York Stock Exchange (NYSE:IIT).[4]

Between 1999 and 2000 the company went from Indonesia’s international telecommunications provider to an integrated telecommunications network and service provider.[6] In 2001 the company signed an agreement with Telkom to eliminate its cross-shareholdings in several operating subsidiaries; among others Satelindo, Telkomsel, and Lintasarta.[6]

In 2006 Indosat became a member of Conexus Mobile Alliance to enhance its international roaming and corporate mobile services for voice, video and data roaming.[4][7] The alliance has a combined customer base of about 350 million mobile subscribers via its GSM/GPRS, W-CDMA networks and/or HSDPA networks.[7]

As of 31 December 2013 the CEO is Alexander Rusli. The board of directors consists of Alexander Rusli, Fadzri Sentosa, and Stefan Carlsson.[8]

See also[edit]

  • IndosatM2, internet services, Online & Mobile Advertising Platform, E-Payment, E-Commerce, E-Book, Apps store, Wi-Fi

References[edit]

  1. ^ "Indosat: About Us". 
  2. ^ "Shareholders (as of 31 March 2014)". Indosat. Retrieved 30 April 2013. 
  3. ^ a b c d e f Indonesia-investments.com: Indosat company profile accessed on May 1, 2013
  4. ^ a b c d Connexusmobile.com: Indosat accessed on May 1, 2013
  5. ^ Onbile.com: Top Telecom Companies in Indonesia accessed on May 1, 2013
  6. ^ a b c d e Indosat.com: Corporate Profile History Accessed on May 1, 2013
  7. ^ a b Connexusmobile.com: About Us accessed on May 1, 2013
  8. ^ "Board of Directors". Indosat. Retrieved 30 April 2013. 

External links[edit]