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Indosat

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PT Indosat Tbk
Company typePublic
IDX: ISAT
IndustryTelecommunications
Founded20 November 1967; 56 years ago (20 November 1967)
HeadquartersJl. Medan Merdeka Barat No. 21
Jakarta Pusat
Jakarta, Indonesia
Key people
Joy Wahjudi, Interim President Director [1]
ProductsCellular, Fixed Line and MIDI (Multimedia Data Internet) services
RevenueIncrease Rp 29.184 trillion (2016)
Increase Rp 1.1 trillion (2016)
Total assetsDecrease Rp 50.838 trillion (2016)
OwnerOoredoo Asia PTE LTD (65.00%)
Government of Indonesia (14.29%)
Skagen AS entities (5.42%)
Public (15.29%)[2]
SubsidiariesIndosatM2
Websitewww.indosatooredoo.com

PT Indosat Tbk, known as Indosat Ooredoo due to Ooredoo's majority stake, is a telecommunications provider in Indonesia.[3] 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.[4]

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.[5] As such, Indosat was renamed Indosat Ooredoo on November 19, 2015.[6]

As of Q3 2017, Indosat has 97 million subscribers.[7] This is a sharp increase from 2013, where the number was 58.5 million.[8] Data from 2016 shows that Indosat has 22.2% of the market share, making them the second largest mobile network operator in the country.[9]

History

1967–1994

Indosat was established in 1967 and was the first foreign investment company in Indonesia. It initially provided international telecommunications services via satellite. The company was later acquired by the government, becoming the first international company in the category to do so. In 1994, the company went public on the Indonesia Stock Exchange and the New York Stock Exchange. 35% of the shares were available to the public, while the government held on to the rest.

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. On November 2015, Indosat rebranded itself as Indosat Ooredoo.

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 (2005–2015)
  • Punya Indosat (Owned By Indosat, 2006–2015)

As Indosat Ooredoo

  • Indosat Ooredoo, Mari Sambut Perubahan (Indosat Ooredoo, Lets Welcome The Change, 2015–present)

References

  1. ^ "Indosat: About Us".
  2. ^ "Shareholders (as of 31 March 2014)" (PDF). Indosat. Retrieved 30 April 2013.
  3. ^ Investments, Indonesia. "Indosat Indonesia Investments". www.indonesia-investments.com. Retrieved 2016-02-02.
  4. ^ "Conexus". www.conexusmobile.com. Retrieved 2016-02-02.
  5. ^ "Qtel rebrands as Ooredoo - - ITP.net". ITP.net. Retrieved 2016-02-02.
  6. ^ "Indosat Ganti Nama jadi Indosat Ooredoo". CNN Indonesia. Retrieved 2016-02-02.
  7. ^ "Hingga Kuartal III/2017, Indosat Catat Laba Usaha Rp3,83 Triliun".
  8. ^ "Indosat`s profit plunges 52.5 pct". www.antaranews.com. Retrieved 2016-02-02.
  9. ^ "Market share of mobile subscribers in Indonesia in 2016". www.statistita.com. Retrieved 2018-07-24.


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