Indonesia’s XL and Indosat Ooredoo to collaborate on future network development, report says

10 May 2016

Indonesian mobile operators XL Axiata and Indosat Ooredoo have agreed to establish a joint venture (JV) to work together on the deployment of future network rollouts. According to online news portal IndoTelko, in an Information Disclosure to the Indonesia Stock Exchange (BEI) dated 10 May 2016, Indosat Ooredoo president Alexander Rusli declared that both parties have agreed the JV, and ‘will provide consulting services for collaboration between networks in the future’. Rusli went on to note that both sides are currently still exploring all possibilities for their collaboration plan, adding that the JV will have issued share capital of IDR10 trillion (USD2.5 billion) and paid up capital of IDR2.5 trillion. Each company will take 1,251 shares – equivalent to 50% ownership of the venture.

Indonesia, Indosat Ooredoo (incl. IM2), XL Axiata