Indosat ditches satellite business, report says

19 Jan 2021

Indosat Ooredoo is reportedly abandoning its satellite business, deeming it to be no longer economically viable. A report from Advanced Television cites the company’s chief legal and regulatory officer Natasha Nababan as saying that the telco no longer considers the operation ‘competitive’ and has therefore reduced its satellite fleet from three orbiters to one. ‘It’s not efficient. We can’t give competitive prices for satellite communications,’ she is quoted as saying, adding: ‘The company, going forward, will not own and operate satellites’. Ditching its satellite arm is part of the telco’s three-year ‘turnaround strategy’ to shore up its financial position after booking a recent net loss of IDR2.4 trillion (USD170.63 million).

Indonesia, Indosat Ooredoo (incl. IM2)