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Wireless Federation » archive for 'Indosat'

Indosat draws a syndicated loan of $450 Mn (Indonesia)

  • November 22nd, 2008
  • 5:30 am

Indosat, the Indonesian telco, has drawn down the $450 Mn loan from syndicate arranged by ING Bank and DBS Bank. The telco had in September withdrawn an amount of $150 Mn and $300Mn now. Indosat president Johnny Swandi Sjam says the loan will be used partly for CAPEX requirements and also to repay part of a debt bond maturing in 2010 and 2012.

   

Qtel denies the calling off Indosat tender (Qatar)

  • October 13th, 2008
  • 5:29 am

Qtel denies the rumours of it calling off the Indosat tender, the delay caused was due to the government’s clarification on foreign ownership rules.
Qtel added, “The tender offer has not been called off and Qatar Telecom is awaiting government clarification on whether foreign ownership limitations should apply before continuing the tender offer process in accordance with Indonesian laws and regulations”.

   

Qtel confirms it’s ownership of 40.8% stake in Indosat (Qatar, Indonesia)

  • September 15th, 2008
  • 5:15 am

Qtel confirms it’s ownership of 40.8% stake in Indosat. This news came after the Indonesian Supreme Court ruled in favour of the telco.
Qtel Chairman Sheikh Abdullah Bin Mohamed Bin Saud Al Thani said “Our controlling stake in Indosat is a key part of our group expansion plans and we are pleased that the Supreme Court’s decision today removes the District Court’s order, and allows us to keep the shares we acquired in June. We are currently in the process of launching a tender offer to acquire more of this attractive and important asset. We are totally committed to helping Indosat develop into Indonesia’s premier telecoms company, and we will be allocating resources to ensure this happens sooner rather than later. We are still on track to reach our target of being a World Leading Telecommunications company, and being within the Top 20 by 2020.”
He also added that they were aware of the legal issues during the time of purchase and is now confident about delivering significant benefits to Indosat shareholders and to the entire communications market in Indonesia.

   

Indonesia’s mobile penetration may reach 62.4% in 2010 (Indonesia)

  • September 1st, 2008
  • 6:55 am

Indonesia’s mobile market has growing rapidly with the number of subscribers heading for 120 million in 2008, up from 90 million in early 2008, having grown by nearly 40% in 2007. There is vast opportunity for market expansion in Indonesia when compared with some of its Asian neighbours.  For strong growth to continue, the sector must take advantage of the government’s regulatory changes and find ways of attracting more foreign capital into the market place. Value-added services have become important and 3G has arrived.

OPERATOR                                 SUBSCRIBERS (IN MILLION)
Telkomsel                                                   50.55
Indosat                                                      26.42
Excelcomindo                                              22.42
PT Mobile8                                                    3.77
3                                                                 3.21
Sampoerna Telekomunikasi Indonesia             0.41

Smart Telecom                                               0.5
Bakrie Telecom                                              4.46
Telkom                                                         6.69

Notable highlights of the Indonesia Mobile Forecast include:

  • Indonesia continues to be the most profitable market in East Asia. It is forecasted that average EBITDA margins in Indonesia at 63.7% in 2010. Telkomsel, in particular, will continue to be one of the most profitable wireless operators in the world with an EBITDA margin of 68.2%.
  • The wireless penetration level in Indonesia is steadily increasing. It will increase from the projected 50.9% in 2008 to 62.4% in 2010. The number of total subscribers will increase from 115.8 million to 146.2 million from 2008 - 2010.
  • Although the total subscriber base will continue to grow, Telkomsel, the largest operator in the country, will be losing its market share to competitors. According to the forecast that the market share (by subscribers) of Telkomsel will decrease from the projected 50.4% in 2008 to 47.9% in 2010.

   

Nokia Seimens Networks wins extension deal with Indosat (Indonesia)

  • August 4th, 2008
  • 1:25 pm

Nokia Seimens Networks (NSN), telecom equipment manufacturer, won a contract extension for soft - switching from Indosat, Indonesian mobile operator.Operating the mobile soft-switching solution will allow Indosat to meet future capacity demands and offer customer reliability and VAS.

   

Qtel permitted to acquire 49% stake in Indosat (Qatar, Japan)

  • July 28th, 2008
  • 1:38 pm

Qatar Telecom (Qtel) will be permitted to acquire no more than 49% stake in Indosat, confirms Indonesia’s Capital Market and Financial Institution Supervisory Board.

The Middle Eastern investor already owns 40.8% of the company, meaning that it may buy no more than an additional 8.2% stake.

   

Indosat adds 7.9 million subscribers in H1′08 (Indonesia)

  • July 28th, 2008
  • 1:05 pm

Indosat, Indonesia’s second largest mobile operator by subscribers, signed up 7.9 million subscribers in the first six months of this year, increasing it’s customer base by 32% from the end of 2007 to 32.4 million at the end of June 2008, reports Reuters.

Whereas, the cellco had previously targeted eight million new additions in full-year 2008.

   

Qatar Telecom bid for Indosat wedged (Jakarta)

  • July 22nd, 2008
  • 1:29 pm

Qatar Telecom’s bid for control of Indosat appeared to come on end after the Indonesian government barred the group from owning more than 49 per cent of the country’s second-biggest mobile phone operator.

Qatar Telecom last month paid $1.8billion to quadruple its stake in Indosat to 40.8 per cent, buying out its investment partner, Singapore’s Temasek.

Indosat reports strong mobile growth through Jan-May (Indonesia)

  • June 6th, 2008
  • 2:54 pm

Indonesian telecoms group Indosat says its mobile arm Satelindo has witnessed a 22% rise in subscribers in the first five months of this year to 30 million, putting the unit well on course to meet its target of 32.5 million users by the end of 2008. Indosat president Johnny Swandi Sjam reaffirmed his goal of signing up eight million new users this year, despite tougher economic conditions in the country which are impacting on consumer spending. The government of Indonesia recently raised subsidised fuel prices by close to 30%, Reuters reports, a move that is putting upwards pressure on inflation. Local industry watchers warn the decision could affect cellphone usage in the country, particularly among lower-income groups. Given that around nine out of ten users are on some form of pre-paid option, the issue of price sensitivity is very apparent and users are expected to switch to rivals which offer cheaper tariffs.

   

 

 

 

NSN secures Indosat 3G services deal

  • May 21st, 2008
  • 2:24 pm

Telecoms equipment manufacturer Nokia Siemens Networks (NSN) today announced the signing of a 3G services contract with Indonesian operator Indosat. NSN’s new service platform will allow the carrier’s mobile arm Satelindo to launch new content-rich services to customers, the vendor said in a statement. No financial details were disclosed.