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XL Axiata, Facebook, Google Runs Echo Project in Indonesia

JAKARTA (TheInsiderStories) - Local telco company, PT XL Axiata Tbk (IDX: EXCL) and two United States (US) giant tech firm, Facebook Inc., (NASDAQ: FB), and Google...

Indosat Sell Towers to Edge Point Indonesia for US$750M

JAKARTA (TheInsiderStories) - Telco company, PT Indosat Ooredoo Tbk (IDX: ISAT), announces has signed sell and lease back agreement with PT EPID Menara AssetCo (Edge...

Telkom Indonesia to List Two Subsidiaries Shares in 2021

JAKARTA (TheInsiderStories) - The state-owned company, PT Telkom Indonesia Tbk (IDX: TLKM) it would bring two subsidiaries to list the shares (IPO) in this year, the...

Indonesia’s Indosat to Spends US$571M in This Year

JAKARTA (TheInsiderStories) - PT Indosat Ooredoo Tbk (IDX: ISAT), a telco provider based in Indonesia, prepared a capital expenditure around Rp8 trillion (US$571 million) in...

Indosat Sell Towers, Tri Indonesia Open fo Backdoor Listing

JAKARTA (TheInsiderStories) - Cellular operator, PT Indosat Ooredoo Tbk (IDX: ISAT) considered to sell 4,000 towers in this year, said the management on Thursday (02/18)....

Indonesia’s Tower Bersama Allocates Dividend Payment US$110M

JAKARTA (TheInsiderStories) - Tower provider, PT Tower Bersama Infrastructure Tbk (IDX: TBIG) plans to distribute dividend payment to the shareholders from retained earnings in 2019...

Indonesia’s XL Axiata Prepares US$536M for the Expansion

JAKARTA (TheInsiderStories) - Unit of Malaysia's Axiata Group Bhd, PT XL Axiata Tbk (IDX: EXCL) needs and investment around Rp7.5 trillion (US$535.71 million) to expand the...

Indonesia’s Tower Bersama Get US$275M Loans to Pay Debt

JAKARTA (TheInsiderStories) - Tower provider owned by the Saratoga Group, PT Tower Bersama Infrastructure Tbk (IDX: TBIG), obtained a revolving credit facility US$275 million from...

Indonesia’s Indosat Leaves Satellite Business, Focus on Digital

JAKARTA (TheInsiderStories) - Cellular operator, PT Indosat Ooredoo Tbk (IDX: ISAT) decided to leave the satellite businesses and focus on digital services, said the official...

Qatari Ooredoo Signs an Exclusive Agreement with CK Hutchison

JAKARTA (TheInsiderStories) - Qatary' Ooredoo Q.P.S.C has signed an exclusive and non-legally binding memorandum of understanding (MoU) with CK Hutchison, a telco firm from Hong Kong,...

Indonesia’s Tower Bersama Acquires 3,000 Towers for US$282M

JAKARTA (TheInsiderStories) - PT Tower Bersama, unit of tower company, PT Tower Bersama Infrastructure Tbk (IDX: TBIG), has acquired 3,000 towers from PT Inti Bangun...

Djarum Group Completes the Acquisition of XL Axiata Towers

JAKARTA (TheInsiderStories) - PT Profesional Telekomunikasi Indonesia (Protelindo), an affiliated provider of Djarum Group, completed the acquisition of a telecommunications tower of telco operator, PT XL...

Indonesian Internet Users Reach 200 Million Until 2Q of 2020

JAKARTA (TheInsiderStories) - The Indonesian Internet Service Providers Association (APJII) reported internet users in Indonesia as of the second quarter (2Q) of this year reached...

Indonesia’s Smartfren Telecom Converts MCB US$229M

JAKARTA (TheInsiderStories) - Indonesia' telco company, PT Smartfren Telecom Tbk (IDX: FREN) will exchange the mandatory convertible bond (MCB) into Series C shares on Sept....

Indonesia Auctions 2300 MHz for Wireless Broadband Services

JAKARTA (TheInsiderStories) - The ministry of communication and information technology plans to auction 2300 MHz radio frequency band for wireless broadband services, the official told Bisnis...

Indonesia’ Solusi Tunas Hunt Fresh Funds from Bond Market

JAKARTA (TheInsiderStories) - PT Solusi Tunas Pratama Tbk (IDX: SUPR) plans to issue local or global bonds to finance the company business expansion and...

Telkom Indonesia Gives Dividend US$1B for the Shareholders

JAKARTA (TheInsiderStories) - Shareholders of telecommunication provider, PT Telkom Indonesia Tbk (IDX: TLKM) will get dividends amounting to Rp15.26 trillion (US$1.09 billion) or Rp154.06...

Telkom Indonesia Invests More in MDI Ventures

JAKARTA (TheInsiderStories) - Indonesia’ largest telecom provider, PT Telkom Indonesia Tbk (IDX: TLKM) will channel funds up to US$500 million to its venture capital (VC) unit,...

Indonesia’s Indosat Prepares Capex US$678M in This Year

JAKARTA (TheInsiderStories) - Cellular provider, PT Indosat Ooredoo Tbk (IDX: ISAT) prepared capital expenditure up to Rp9.5 trillion (US$678.57 million) in 2020 to support...

Rising Mobile Data to Boost Indonesia’s Mobile Service Revenues through 2024

JAKARTA (TheInsiderStories) - The total telecom and pay TV services revenue in Indonesia is set to register a moderate compound annual growth rate (CAGR) of 3.7...

South, Southeast Asian Telcos’s Spectrum Payments are High

JAKARTA (TheInsiderStories) - Moody's Investors Service says that in a number of South and Southeast Asian countries, the dividends that telco companies pay to their government...

Indonesia’s Indosat Invests $140 M to Develop 4G Network

JAKARTA (TheInsiderStories) - Indonesian telecommunication provider, PT Indosat Ooredoo Tbk (IDX: ISAT) prepared funds Rp2 trillion (US$139.86 million) to develop 4G network in the...

Indonesian Corporates Credit Trends Remain Broadly Stable until Next Year

JAKARTA (TheInsiderStories) - Indonesian majority corporates that it rates will demonstrate stable credit trends over the next 12-18 months, although the commodity-related sectors will...

Indonesia’s Indosat Issues Bonds US$238M to Pay Off Banks Debts

JAKARTA (TheInsiderStories) - Indonesian telecommunication company, PT Indosat Ooredo Tbk (IDX: ISAT), issued local bond and SUKUK Ijarah with total value of Rp3.38 trillion...

Indonesia to Consolidates Telco Companies Amid Technology Changes

JAKARTA (TheInsiderStories) – Indonesian government is planning to consolidate telecommunication companies to only three players left, said one executive yesterday (02/20). Currently, there are...

Moody’s affirms Telkom Indonesia’s Baa1 rating

Singapore (TheInsiderStories) -- Moody's Investors Service has affirmed the Baa1 domestic currency issuer rating of Telekomunikasi Indonesia (P.T.)  (Telkom). At the same time, Moody's has...

Indonesia’s Smartfren Seeks Investor to Strengthen Capital

JAKARTA (TheInsiderStories) - PT Smartfren Telecom Tbk (IDX: FREN), a unit of Sinar Mas Group, will offer 10 percent shares through private placement scheme. Along with...

Indonesia’s Tower Bersama Announces Rupiah Bond Offering US$45M

JAKARTA (TheInsiderStories) - Indonesia publicly listed's PT Tower Bersama Infrastructure Tbk (IDX: TBIG) announces that it has closed its continuous Rupiah Bond worth of Rp608 billion...

Moody’s Upgrades Indonesia’s XL Axiata to Baa3

Singapore -- Moody's Investors Service has today upgraded to Baa3 from Ba1 the issuer rating of XL Axiata Tbk (P.T.) (XL). This is the...

Protelindo Acquires Nusantara Infrastructure’s Tower Assets

JAKARTA (TheInsiderStories) - PT Profesional Telekomunikasi Indonesia (Protelindo), a company owned by Djarum Group, will take over tower assets of PT Nusantara Infrastructure Tbk (IDX:...
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