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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
Alexander Rusli, President Director & CEO
Rachmat Gobel, Commisioners
Erik Meijer, Chief Commercial Officer
ProductsCellular, Fixed Line and MIDI (Multimedia Data Internet) services
OwnerOoredoo Asia Pte. Ltd. (5.00%)
Global Mediacom. (60.00%)
Government of Republic of Indonesia (14.29%)
Skagen AS (5.42%)
Public (15.29%).[1]
SubsidiariesIndosat Mega Media (IM2) , Lintas Arta, SMT
Websitewww.indosat.com

Indosat is one of Indonesia's largest telecommunication networks and services provider.[2]

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.[2][3] The company also provide Multimedia, Internet & Data Communication Services (MIDI).[3]

As of 2012 the company holds around 21 percent of market share. It has around 50 million cellular subscribers.[2] 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.[2] Onbile.com listed the company as the third largest telecommunications company in Indonesia in 2013, coming behind Telkomsel and XL Axiata.[4]

History

Indosat has long history of ownership and change of purpose and goals from its establishment on 10 November 1967.[2][5] After being bought by Indonesian government from foreign investment company, the company began as a commercial international telecommunications service provider (IDD) in September 1969.[5] The company connected to Intelsat (International Telecommunications Satellite Organization), an earth station in Indonesia, to access Intelsat's Indian Ocean Region satellites until 1989.[5]

The company's shares were registered on the Indonesia Stock Exchange on 19 October 1994 (code: ISAT).[2] Its form of American Depositary Shares are registered at New York Stock Exchange (NYSE:IIT).[3]

Between 1999 and 2000 the company went from Indonesia’s international telecommunications provider to an integrated telecommunications network and service provider.[5] In 2001 the company signed an agreement with Telkom to eliminate its cross-shareholdings in several operating subsidiaries; among others Satelindo, Telkomsel, and Lintasarta.[5]

In 2006 Indosat became a member of Connexus Mobile Alliance to enhance its international roaming and corporate mobile services for voice, video and data roaming.[3][6] The alliance has a combined customer base of about 350 million mobile subscribers via its GSM/GPRS, W-CDMA networks and/or HSDPA networks.[6]

As of 30 April 2013 the CEO is Alexander Rusli. The board of directors consists of Rusli, Fadzri Santosa, Stefan Carlsson, Hans C. Moritz, and Erik Meijer.[7]

See also

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

References

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