Tech

XL Axiata plans to buy Axis shares from Saudi Telco, merge unit - Exclusive | Company data

(Insider Stories) – Indonesian telecomunication operator PT XL Axiata (IDX:EXCL) plans to merge with privately owned PT Axis Telekom Indonesia to increase its share of the cellular and data markets, two people familiar with the matter say. The transaction will require approval from the government. Malaysian operator Axiata Group Bhd. (KL:AXIATA), which owns XL Axiata, Full Article

Fitch street interview : Better news for Japanese tech giants | Outlook data

(Insider Stories) - Fitch Ratings says that Japanese tech giants Sony Corp. and Panasonic Corp. are slowly on the way to stabilizing their credit profiles, but that Sharp Corp.’s liquidity is still a credit risk. The following is a Street InterView report from Fitch. Fitch: Sony, Panasonic Slowly On Their Way to Stabilising Credit Profiles Full Article

Exclusive : three investors interested in Telkom’s tower unit - CEO | Sector data

(The Insider Stories) - Three foreign and local companies have expressesd interest in PT Dayamitra Telekomunikasi (Mitratel), the tower unit of Indonesia’s biggest telco PT Telekomunikasi Indonesia (IDX:TLKM), for a possible M&A target for the purposes of business expansion and complying with telecomunication regulations, Telkom’s chief executive says. Telkom CEO Arief Jahja said discussions with Full Article

Indonesia telcos sector presents opportunities, challenges - report | Outlook data

(Insider Stories) - Indonesia has one of the fastest-growing and most tech-savvy consumer markets in the region and opportunity remains although high network costs have eroded margins and average revenues per subscriber have slipped, The Wall Street Journal reports. Increasing competition in Indonesia and Malaysia will keep local telco firms on their toes, but “falling Full Article

S&P Downgrades Bakrie Telecom To ‘CCC’; Outlook Negative | Press release

The following is a press release from Standard & Poor’s: - BTEL has not disclosed its plans to bridge a funding gap of about US$100 million over the next 12 months. - The Indonesia-based limited mobility wireless operator will therefore continue to face significant liquidity pressure. - We are Full Article

Foxconn to invest in Indonesia after lengthy discussions | Company data

(The Insider Stories) –Taiwan-based Foxconn Technology Group finally will enter Indonesia after extended discussions with the Indonesian government, with the electronics producer planning to invest US$10 billion in the next ten years, according to reports. Industy Minister M.S. Hidayat is reported as saying Foxconn will start with an initial investment of up to US$1 billion Full Article

Panasonic names Suga Indonesia chief as it seeks to tap middle class consumption | Executive data

(The Insider Stories) –PT Panasonic Gobel Indonesia, the joint-venture local sales arm of Panasonic Corp. (PC), has appointed Hiroyoshi Suga president director to replace Ichiro Suganuma, with the company seeking to tap Indonesia’s fast-growing middle- and upper-income consumer segments to boost sales. Panasonic Gobel aims to place Indonesia in the top 10 global markets for Full Article

FalconStor appoints Synnex Metrodata Indonesia as distributor in Indonesia | Company data

(The Insider Stories) — FalconStor Software Inc. (FALC), a market leader in disk-based data protection, announced the appointment of PT. Synnex Metrodata Indonesia (SMI) as FalconStor’s distributor in Indonesia. SMI is a subsidiary of PT. Metrodata Electronics Tbk (MTDL) that focuses on information and communication technology (ICT) distribution. Agus Honggo Widodo, president director of PT Full Article

ZTE wins Indonesian IPTV contract | Company data

(The Insider Stories) — Chinese telecommunications equipment provider ZTE has secured a four-year IPTV network construction contract with PT Telekomunikasi Indonesia (TLKM). ZTE will construct, operate, and maintain the low-bit-rate Indonesian internet protocol television network, from this year until 2016, and will provide system equipment and set-top boxes, according to media reports. Telegeography.com reports that Full Article

German e-commerce firm seeks to add warehouse space | Company data

(The Insider Stories) — German e-commerce company Lazada is seeking to add to its warehouse space by 5,000 square meters to meet increasing demand from Indonesian customers. Lazada Indonesia was launched in March 2012 and has since contributed to 30% of the firm’s Southeast Asia’s revenue. It currently has 2,500 square meters of storage space Full Article

INSIDER NEWS: Surging Data Services Boosts Telkom’s 2012 Earnings

(The Insider Stories) — Indonesia’s biggest telco firm booked a surge in 2012 net income of slightly over 17%, driven by strong growth in data services. PT Telekomunikasi Indonesia, or Telkom, said on Thursday that its broadband subscribers grew by 82.8% year-on-year and its cellular-subscriber base increased 16.9% to 125.1 million. That drove 2012 revenue Full Article

INSIDER HEADLINE: Local Companies Risk Missing Out On Middle-Class Boom - Report

Indonesian consumer-goods companies will need to double the reach of their distribution networks and target more products towards middle-income consumers or risk losing their advantage over foreign competitors as consumption grows rapidly in Indonesia’s middle class, a consulting firm said, according to The Jakarta Globe. Boston Consulting Group forecast the number of middle-class and affluent Full Article