Indosat

#2561

Rank

$4.83B

MarketCap ID

ID Indonesia

Country

Summary
PT Indosat Ooredoo Hutchison Tbk, together with its subsidiaries, provides telecommunication services in Indonesia. The company offers post-paid and prepaid products that include various data and mobile voice solutions on 2G, 3G, and 4G broadband cellular networks under the IM3 Ooredoo brand. It also provides international calls, international roaming, and fixed line services. In addition, the company offers IoT and M2M solutions; IT services through private data center and disaster recovery center; Internet connectivity and data communication services for corporate customers; satellite-based services, such as transponder leasing, VSAT services, and TV channels for TV; cloud-based service for business transformation; and voice services. It provides services under the Ooredoo brand name. The company was founded in 1967 and is based in Jakarta, Indonesia. PT Indosat Ooredoo Hutchison Tbk (IDX:ISAT) operates as a subsidiary of Ooredoo Hutchison Asia Pte. Ltd.

History

1967

Indosat was established as the first foreign investment company in Indonesia that provides international telecommunication services using an international satellite. It was owned by American conglomerate company ITT until 1980.

1980

Indosat expanded into becoming the first international company that was acquired and 100% owned by the Indonesian Government.

1994–2003

Indosat acquired Satelindo and SLI through share majority. They also established PT Indosat Multimedia Mobile 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.

2012–2020

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. In November 2015, Indosat rebranded itself as Indosat Ooredoo. In 2016, Indosat teamed up with Swedish based music streaming service Spotify to become the first operator to offer Spotify music services in Indonesia.

2021–present

In January 2021, Indosat announced that it will exit the satellite business. In September 2021, Indosat has announced that the latter company would be merged with Hutchison Asia Telecom Group/Garibaldi Thohir's joint venture PT Hutchison 3 Indonesia to form Indosat Ooredoo Hutchison. The merger was closed on 4 January 2022.


Mission
we have always strived to become the best place to work for employees by providing a positive work environment and by ensuring the welfare of employees and their family members.

Vision
Indosat’s vision is to become the leading telecommunications operator in Indonesia by providing customers with high-quality services, innovative solutions, and excellent customer experience.

Key Team

Mr. Indar Singh Dhaliwal (VP of Investor Relations & PMO for CFO Office)

Mr. Irsyad Sahroni (Chief HR Officer & Independent Director)

Mr. Bayu Hanantasena (Chief Bus. Officer)

Arya Suryawan (Division Head Fund & Risk Management)

Mr. Ritesh Kumar Singh (Chief Commercial Officer)

Mr. Mohammed Afzal Lodhi (Chief Internal Audit Officer)

Mr. Armand Hermawan (Chief Strategy & Execution Officer and Director)


Recognition and Awards
In 2014, Indosat was honored with the Rakyat Award from Majalah Swa for being the most trusted brand in the telecommunications industry.

References
Indosat
Leadership team

Mr. Vikram Sinha (CEO & Pres Director)

Mr. Chi Hung Lee (Director & CFO)

Desmond Cheung (Chief Technology Officer)

Products/ Services
Mobile, Telecommunications
Number of Employees
1,000 - 20,000
Headquarters
Jakarta, Jakarta Raya, Indonesia
Established
1967
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
ISAT.JK
Social Media
Fri Mar 01 2024
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