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Indosat Outlines LTE Network Upgrade Plans

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Indonesia's Indosat plans to invest around USD430 million on upgrades to its network during 2014, with the bulk of the work going in preparations for LTE services.

Indosat's CEO Alexander Rusli told the local Kontan news agency that the company will spend between IDR4.8 trillion to IDR5.6 trillion (US$393-USD460 million) this year.

He added that the expenditure would be part of the existing IDR8 billion network capital expenditure budget.

Indosat is 65 percent owned by Qatar's Ooredoo.

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Tags: indosat  Indonesia