Telecoms news from Indonesia
The company's solid credit profile is underpinned by operating EBITDAR margin of above 60%, conservative funds flow from operations (FFO)-adjusted net leverage of 0.2x and free cash flow (FCF) margin of over 10%. ...more.
Indonesian tower network operator, PT Solusi Tunas Pratama (SUPR) has announced plans to build between 800 and 1,000 new towers this year, predominantly in urban areas. ...more.
Fitch said that Indosat's 'BBB' rating incorporates a three-notch uplift from its stand-alone credit profile of 'BB' due to its strategic importance to its parent - Ooredoo (Qatar Telecom), which holds a 65% stake. ...more.
Fitch Ratings has downgraded Indonesia-based Bakrie Telecom's debt ratings to 'CC' from 'CCC'. The Stable Outlook has been removed. ...more.
Following up on the recent IDC worldwide report, which cited a decline of 13.9% in PC shipments globally, IDC believes that Indonesia, while not completely impervious to the decline, will prove to be a slight growth market in the coming years. ...more.
Fitch expects Bakrie Telecom's EBITDA is likely, at best, to remain flat as CDMA technology struggles to maintain its market share in a GSM-dominated industry. ...more.
Indonesia's PT Indosat has outlined plans to expand its Wi-Fi hotspot network as it seeks to drive more heavy data traffic to the offloading facility. ...more.
TBI's ratings reflect its ability to generate predictable cash flows backed by long-term contracts (average contract life: 7.7 years) with Indonesian telcos. ...more.
Indonesia's largest mobile device retailer and distributor, Trikomsel has set up a joint venture with handset logistics firm, Brightstar. ...more.
Around 150 staff working for Huawei's Indonesian subsidiary have gone on strike according to local media reports, accusing the company of breaking employment laws. ...more.
Technical consumer goods (TCG) in Indonesia, Malaysia and Thailand continue to expand in the fourth consecutive quarter of 2012, making them the three fastest growing markets in the region with their robust growth of 15, 15 and 12 percent respectively in the full year of 2012. ...more.
Indonesian mobile network, PT Indosat has reported that its preliminary full year profits more than halved to IDR 417.4 billion (US$43 million) from IDR 879.7 billion a year ago. ...more.
The mobile advertising agency, Amobee has signed exclusive agreements with four Asian mobile networks, Globe, Optus and Telkomsel all part owned by Singapore Telecom, ...more.
Frost & Sullivan projects mobile internet will become the "hero" that saves the Indonesian telco in 2013 as it will open the new horizon beyond the data communication segment. ...more.
Mobile banking service provider, Monitise says that an Indonesian bank is to launch its BlackBerry Messenger (BBM) mobile payments service following a successful trial. ...more.
Indonesian mobile network operator, PT Telekomunikasi Indonesia is reported to be mulling an option that could lead to the merger of its towers division, Mitratel with another listed tower network operator. ...more.
Indonesian tower network operator, PT Solusi Tunas Pratama has announced that it is buying 300 towers from Hutchison Telecommunications (Three). ...more.
Moody's Investors Service views as credit positive for Telekomunikasi Selular (Telkomsel) the decision of Indonesia's Supreme Court to overturn a lower court's ruling that declared it bankrupt in September 2012. ...more.
Indonesia's Indosat has selected Alcatel-Lucent to boost the capacity of data connections that support its mobile broadband network. ...more.
Indonesia's Axis Telekom is looking to raise around US$300 million from the sale of 1,600 of its base station towers, ...more.