IndoTelko writes that Indonesian broadband ISP LinkNet, 33.82%-owned by Lippo Group via First Media, has entered into an agreement to acquire a Java intercity fibre backbone from Ketrosden Triasmitra. The move forms part of a long term strategy to drive growth via strategic and targeted network expansion to potentially lucrative metropolitan areas within high GDP cities across the country. LinkNet’s management plans to expand its network footprint to 2.8 million homes passed by the end of 2021, with the rollout to be carried out via continued network extensions along with strategic partnerships with ‘selected property developers’. LinkNet says that the Java intercity fibre-optic backbone investment gives it ‘instant access’ to 43 new cities in Indonesia, which it hopes will ‘facilitate its strategy of targeted growth and expansion beyond the company’s existing footprints into more cities on Java Island’.
Irwan Djaja, President Director and CEO, commented: ‘The Java intercity fibre backbone will provide our company with multiple expansion options and provide a wider pathway for growth for years to come. We’ll continue to invest in all areas of our business to ensure that we provide a superior user experience for our customers while rewarding our shareholders with profitable growth.’