Indonesian mobile operator PT Smart Telecom (Smartfren) has revealed plans to deploy a 5G network across the country, likely using the 2300MHz spectrum it recently secured from the Ministry of Communication and Informatics (MCI, or KemKominfo). The Sinar Mas Group-led cellco disclosed its plans in a filing with the local stock market regulator, noting that it seeks to create synergies and/or merge with PT Mora Telematika (Moratelindo) – owner of the largest optical cable network in Indonesia. Under the plan, Smartfren recently acquired 20.5% of Moratelindo’s shares for a cash consideration of IDR360 billion (USD25.3 million).
Smartfren managed to reduce its operating losses in the first quarter of 2021. According to the disclosure to the Indonesia Stock Exchange (IDX), it recorded a loss of IDR396.83 billion in the three-month period, down from IDR1.77 trillion in Q1 2020, as operating income increased to IDR2.40 trillion from IDR1.99 trillion.