AINMT to enter Indonesian telecoms market via STI investment

5 Jan 2016

AINMT Holdings (AINMT), the parent company of AINMT Scandinavia Holdings and AINMT International Holdings, has announced the signing of a definitive agreement to invest in Indonesian CDMA-450 wireless operator Sampoerna Telekomunikasi Indonesia (STI), which offers services under the Ceria brand. The Scandinavian-based group said that the investment comes as a result of the lifting of certain conditions vis-a-vis foreign investment in the country, and will see it working with a local partner to build out and upgrade STI’s wireless networks. Launched in 2006, STI is a cellular service provider with a nationwide, full-mobility licence to operate in the 450.0MHz-457.5MHz and 460.0MHz-467.5MHz spectrum band. Its concession enables it to offer voice and data services, as well as providing access to multimedia services through its cooperation with multimedia providers. At present, STI’s service coverage includes Sumatra, Java, Bali and Lombok islands.

Commenting on the investment – details of which have not been disclosed – AIMNT chief executive JD Fouchard said: ‘We remain focused on investing in countries where the population is spread across large geographical distances. This is where our approach to utilise low frequencies can deliver best-in-class mobile data coverage and results for both AINMT and the nation’s inhabitants and businesses. With this agreement and the recent transaction in the Philippines, AINMT has a footprint in Southeast Asia that covers around 360 million people. We look forward to capitalising on the excellent business opportunities this offers.’

Indonesia, Net1 Indonesia