Type Public Industry Telecommunications Parent organization Ooredoo | Traded as IDX: ISAT Founded 20 November 1967 | |
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Key people Alexander Rusli, President Director & CEO Products Cellular, Fixed Line and MIDI (Multimedia Data Internet) services Owner Ooredoo Asia PTE LTD (65.00%)
Government of Indonesia (14.29%)
Skagen AS entities (5.42%)
Public (15.29%) Headquarters Central Jakarta, Jakarta, Indonesia CEO Alexander Rusli (1 Nov 2012–) Stock price ISAT (IDX) IDR 7,000 +25.00 (+0.36%)10 Mar, 4:07 PM GMT+7 - Disclaimer Subsidiaries IndosatM2, Lintasarta, Pt Lintas Media Danawa Profiles | ||
PT Indosat Tbk. (commonly referred to as Indosat Ooredoo, formerly Indosat) is one of the telecommunications services and network providers in Indonesia. The company offers communication services for mobile-phone users, both for prepaid and postpaid, under the brands Matrix Ooredoo, Mentari Ooredoo and IM3 Ooredoo. The company also provides fixed-voice services (including international direct dialing) and multimedia, Internet, and data communication services.
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In 2011, Indosat Ooredoo owned 21% of the market share. In 2013, the company had 58.5 million mobile phone subscribers. In 2015, the number of subscribers increased to 68.5 million, or up by 24.7% compared with 54.9 million in 2014.
In February 2013, the Qatari telecommunications company at the time known as Qtel, which owned 65% of Indosat's shares, was rebranded as Ooredoo and planned to rebrand all its subsidiaries in the Middle East, Africa, and Southeast Asia in 2013 or 2014. On November 19, 2015, Indosat was finally renamed to Indosat Ooredoo.
1967–1994
Indosat was established in 1967 as the first foreign investment company in Indonesia, that provided international telecommunications services via international satellite. As Indosat grew, it became the first international telecommunications company that was bought and 100% owned by the Indonesian Government. In 1994, Indosat became a publicly listed company in the Indonesian Stock Exchange and the New York Stock Exchange, with 65% owned by the Indonesian Government and 35% by public.
1994–2003
Indosat took over the majority of shares for Satelindo and SLI in Indonesia, then established PT Indosat Multimedia Mobile (IM3) as the pioneer of GPRS network and multimedia services. In 2003, Indosat and three of its subsidiaries, - namely: Satelindo, IM3, and Bimagraha - merged to form a mobile operator in Indonesia.
2003–2009
Indosat was granted the license for 3G network and introduced the 3.5G service in Jakarta and Surabaya. In 2009, Qtel bought 24.19% of series B shares from the public, to become Indosat's majority shareholder with a 65% ownership. In the same year, Indosat acquired a license for additional 3G frequency from the Ministry of Communication and Informatics as well as winning the tender for the WiMAX license held by the government.
2012–2015
In 2013, Indosat commercialized its 3G network with a frequency band of 900 MHz. A year later, Indosat launched and commercialized the 4G services at 900 MHz, with speed of up to 42 Mbit/s, in Indonesian major cities. In 2015, Indosat officially 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, whilst 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)