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Indosat

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PT Indosat Tbk
Company typePublic NYSE: IIT IDX: ISAT
IndustryTelecommunications
Founded(1967)
HeadquartersHead Office Jl. Medan Merdeka Barat 21 Jakarta Jakarta, Indonesia
Key people
Harry Sasongko, President Director & CEO
ProductsCellular, Fixed Line and MIDI (Multimedia Data Internet) services
OwnerQTEL Asia (5%)
Bhakti Investama (20%)
Global Mediacom (20%)
Media Nusantara Citra (20%)
Government of Republic of Indonesia (14,29%)
Skagen AS (5,57%)
Public (15,14%).
Websitewww.indosat.com

Indosat is a telecommunication and information operator in Indonesia which provides cellular service, both prepaid and postpaid, through Indosat Mobile brand product, IM3 powered by Indosat and Indosat Internet, fixed telecommunication services such as International Direct Dialling (IDD) 001, IDD 008 and FlatCall 01016, fixed wireless and fixed line; and also fixed data communication service including internet; through the submarine and land cable fiber optic, microwave radio, and satellite through PALAPA-D Satellite and PALAPA-C2 Satellite. It is owned by QTEL Asia (65%), Goverment of Republic of Indonesia (14,29%), Skagen AS (5,57%) and Public (15,14%). Indosat has also the subsidiaries namely Indosat Mega Media (IM2) and Lintasarta. Indosat’s shares have been registered at Indonesia Stock Exchange (IDX:ISAT) and shares in a form of American Depositary Shares registered at New York Stock Exchange (NYSE:IIT).

History

Indosat was established in 1967 as a Foreign Capital Company, and started operations in 1969. In 1980 Indosat became State-Owned Enterprises (SOE) wholly owned by the Government of Indonesia. Until now, Indosat provides cellular services, international telecommunications services and satellite services for broadcasting service providers.

PT Satelit Palapa Indonesia (Satelindo) was established in 1993 under the auspices of PT Indosat. Satelindo in 1994 to operate as a GSM operator. Satelindo establishment as a subsidiary of Indosat makes him the first GSM operator in Indonesia to issue prepaid cards and postpaid Matrix Mentari.

On October 19, 1994 Indosat's shares began trading on the Indonesia Stock Exchange and the New York Stock Exchange.

Indosat is the first company to apply the concept of sharia bonds in 2002. After that, the implementation of sharia Indosat bonds rated AA +. The value of emissions in 2002 amounted to Rp 175,000,000,000.00 with the tenor of five years. In the year 2005 the value of Islamic bonds emission IV Indosat Rp 285,000,000,000.00. After the year of 2002 the implementation of Islamic bonds was followed by other companies.[citation needed]

The Indonesian Government deregulated the telecommunications sector by opening a free-market competition. Thus, TELKOM no longer monopolize the telecommunications Indonesia. In 2001, Indosat established PT Indosat Multi Media Mobile (IM3) and a pioneer of GPRS and multimedia services in Indonesia, and in the same year Indosat has full control of PT Satelit Palapa Indonesia (Satelindo).

At the end of 2002 the Government of Indonesia sold 41.94% shares of Indosat to Singapore Technologies Telemedia Pte. Ltd. Thus, has made Indosat back to Foreign Investment Company. In November 2003, Indosat merger three of its subsidiaries (acquisition) of PT Satelindo, PT IM3, and Bimagraha, and then became one of the major cellular operators in Indonesia

On March 1, 2007 STT sold Indosat shares of 25% in Asia Holdings Pte. Ltd. to Qatar Telecom.

On December 31, 2008, Indosat shares owned by Qatar Telecom QSC (Qtel) indirectly through Indonesia Communications Limited (ICLM) and Indonesia Communications Pte Ltd (ICLS) for 40.81%, while the Government of the Republic of Indonesia and the public have respectively 14.29% and 44.90%.

In 2009 Qtel has a 65% stake in Indosat through a tender offer (having an additional 24.19% shares of series B of the public).

Services

Indosat's cellular service is services that provide the greatest contribution, up to 75% of the total revenue in 2008. Based on data in 2009, Indosat dominates over 22.7% of GSM mobile phone service market (through Matrix, Mentari and IM3). Indosat also provides BlackBerry service Postpaid / Prepaid and 3.5G Broadband service for high-speed mobile Internet access.[citation needed]

Cellular Service

  • StarOne (CDMA prepaid and postpaid)
  • Matrix (GSM prepaid)
  • Mentari (GSM prepaid, part of MNC Financial Services, section mobile telecommunication services)
  • IM3 (GSM prepaid, part of MNC Financial Services, section mobile telecommunication services)
  • BlackBerry from Indosat
  • Indosat Internet (part of MNC Financial Services, section Internet servises)
  • Indosat Mobile (GSM prepaid and postpaid, part of MNC Financial Services, section mobile telecommunication services)

Corporate Social Responsibility

In 2008 Indosat formed CSR committee. CSR program implemented through 5 (five) main initiative of Corporate Governance Organizational Governance), Customer Care (Consumer Issues), Human Resource Development including Civil Rights Compliance (Labor Practice ), Environmental Conservation (Environment) and Improved Quality of Life and Independence Community (Community Involvement). The five initiatives go hand in hand with Indosat's participation in the Global Compact initiative, since 2006 the emphasis on compliance with human rights (Human Rights), labor, environment and anti corruption. Indosat CSR program has a special theme namely Satukan Cinta Negeri (Uniting Our Love of Our Nation).

Corporate Governance as a Principal Foundation for CSR

Implementation of Good Corporate Govenernance is an important cornerstone of the Company's overall business approach. It is also vital for Indosat in achieving our CSR objectives. Indosat's corporate governance rests on five key pillars, namely Transparency, Accountability, Responsibility, Independence and Fairness.

Indosat Offices

Indosat provides Indosat service office named 'Galery Indosat'. Galery Indosat spread in every region in Indonesia, such as Jabotabek & West Java Region; Central Java, East Java and Bali Nusra Region; Sumatera Region; Kalimantan and Sulampapua Region.

Subsidiaries

Merged Subsidiary

See Also

References

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