Shareholder of PT Indosat Ooredoo Tbk approved the Replacement and Determination of the Board of Directors and Commissioners (17/10) - Photo by Indosat Ooredoo

JAKARTA (TheInsiderStories)PT Indosat Ooredoo Tbk (IDX: ISAT), Indonesian cellular operator prepared capital expenditure around US$2 billion in 2019, said the newly chief executive Chris Kanter today (18/10).

“We will totally change, we need millions of US dollar funds to do it,” he said.

The planned, Kanter stated is supported by its majority shareholder Ooredoo Asia Pte Ltd. He added, “From the start I asked for a capex commitment. I told Ooredoo I wanted to do a major transformation.”

According to him, to make a major transformation there were three things that were his priorities. First people, both process, and third business. Even so, he claimed to decide the exact strategy for the future.

“I do not know yet, but there is no description of whether our focus is on retail first or B2B (Business to Business) first,” he said.

It’s just that, he continued, in an era of technological speed like now, corporations must be able to capture technological developments, including strong planning.

“It can’t be done in the short or medium term. It must be done in the long term,”  said Kanter.

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