Tue, 20 Apr 2010
From: The Jakarta Globe
By Yessar Rossendar
Pay-TV and Internet provider PT First Media announced on Monday that it was unlikely to offer broadband wireless until the second half of the year on concerns that illegal freeloaders would clog its bandwidth for paying customers.

“WiMax [broadband wireless] is actually our priority program for this year,” Dicky Moechtar, the company’s corporate sales director, said after an extraordinary shareholder meeting on Monday. The launch, however, has been delayed by the discovery of illegal users, he said.

First Media discovered “freeloaders” using its wireless service after it receiving its license last year. It then asked the Ministry of Communications and Information Technology for help.

Gatot Dewa Broto, spokesman for the ministry, said on Monday that it was trying to catch the illegal users, but efforts to track the freeloaders was complicated by their “hit-and-run” method of never staying put on one frequency for too long.

“We’re still monitoring for illegal frequency users, but it’s not a problem that can be solved in two or three weeks,” Gatot said.

Illegal users face sanctions including fines.

First Media won a tender in July for government bandwidth, securing a license for a 2.3 GigaHertz frequency band to be used for its WiMax service. Once launched, the service will be available in Greater Jakarta, Banten and North Sumatra.

To support its WiMax operation, First Media plans to lease 900 base transceiver stations over three years, with 100 to be leased in 2010.

Dicky said First Media has around 500,000 subscribers for its fiber-optic Internet service. Once WiMax is available, subscribers can upgrade to take advantage of the cheaper service.

First Media said last year that the WiMax technology, including BTS towers, would require Rp 1 trillion ($111 million) in investment costs, but Dicky on Monday declined to reveal the price tag.

First Media held the shareholders meeting on Monday to approve a Rp 456 billion ($50.6 million) rights issue next month.

“Most of the proceeds will be used to refinance debts, while the rest will be used to develop our businesses, including WiMax,” said Irwan Djaja, the company’s finance director.

First Media had total debt of Rp 1.3 trillion at the end of 2009, with Rp 272 billion maturing this year.

It had 145,000 FastNet Internet subscribers and 124,000 pay-TV subscribers at the end of September last year. About 45 percent of the company’s revenue comes from Internet, 36 percent from pay-TV with ads and data services making up the balance.

First Media and the Jakarta Globe are affiliated companies of the Lippo group.

The company’s share price closed unchanged on Rp 950 on Monday.



News Search/Filter
Transaction Rates
12 Dec 18
Buy
Sell
AED1
3,980.52
3,980.52
AFN1
192.82
192.82
ALL1
133.71
133.71
AMD1
30.10
30.10
ANG1
8,239.40
8,239.40
AOA1
47.25
47.25
ARS1
386.80
386.80
AUD1
10,546.80
10,546.80
AWG1
8,122.90
8,122.90
AZN1
8,588.07
8,588.07
BAM1
8,519.06
8,519.06
BBD1
7,310.60
7,310.60
BDT1
174.33
174.33
BGN1
8,462.51
8,462.51
BHD1
38,788.47
38,788.47
BIF1
8.13
8.13
BMD1
14,621.20
14,621.20
BND1
9,277.28
9,277.28
BOB1
2,116.42
2,116.42
BRL1
3,745.37
3,745.37
BSD1
14,621.20
14,621.20
BTC1
48,766,427
48,766,427
BTN1
203.43
203.43
BWP1
1,365.93
1,365.93
BYN1
6,893.52
6,893.52
BZD1
7,255.26
7,255.26
CAD1
10,928.40
10,928.40
CDF1
8.97
8.97
CHF1
14,721.30
14,721.30
CLF1
603,832.49
603,832.49
CLP1
21.38
21.38
CNH1
2,121.38
2,121.38
CNY1
2,119.01
2,119.01
COP1
4.55
4.55
CRC1
24.44
24.44
CUC1
14,621.20
14,621.20
CUP1
567.81
567.81
CVE1
150.15
150.15
CZK1
640.05
640.05
DJF1
82.14
82.14
DKK1
2,217.77
2,217.77
DOP1
290.84
290.84
DZD1
123.16
123.16
EGP1
816.27
816.27
ERN1
974.91
974.91
ETB1
521.32
521.32
EUR1
16,556.31
16,556.31
FJD1
6,917.17
6,917.17
FKP1
18,265.31
18,265.31
GBP1
18,265.31
18,265.31
GEL1
5,518.90
5,518.90
GGP1
18,265.31
18,265.31
GHS1
2,987.99
2,987.99
GIP1
18,265.31
18,265.31
GMD1
294.93
294.93
GNF1
1.60
1.60
GTQ1
1,890.70
1,890.70
GYD1
70.04
70.04
HKD1
1,870.54
1,870.54
HNL1
599.11
599.11
HRK1
2,240.45
2,240.45
HTG1
193.28
193.28
HUF1
51.13
51.13
IDR1
1.00
1.00
ILS1
3,897.89
3,897.89
IMP1
18,265.31
18,265.31
INR1
202.13
202.13
IQD1
12.28
12.28
IRR1
0.34
0.34
ISK1
118.05
118.05
JEP1
18,265.31
18,265.31
JMD1
114.66
114.66
JOD1
20,604.76
20,604.76
JPY1
128.96
128.96
KES1
142.71
142.71
KGS1
212.82
212.82
KHR1
3.62
3.62
KMF1
33.63
33.63
KPW1
16.24
16.24
KRW1
12.95
12.95
KWD1
48,088.14
48,088.14
KYD1
17,549.53
17,549.53
KZT1
39.46
39.46
LAK1
1.70
1.70
LBP1
9.69
9.69
LKR1
81.55
81.55
LRD1
92.49
92.49
LSL1
1,021.94
1,021.94
LYD1
10,509.14
10,509.14
MAD1
1,535.27
1,535.27
MDL1
851.31
851.31
MGA1
4.12
4.12
MKD1
269.46
269.46
MMK1
9.29
9.29
MNT1
5.95
5.95
MOP1
1,816.71
1,816.71
MRO1
40.95
40.95
MRU1
401.68
401.68
MUR1
423.48
423.48
MVR1
946.35
946.35
MWK1
19.67
19.67
MXN1
724.43
724.43
MYR1
3,494.31
3,494.31
MZN1
240.16
240.16
NAD1
1,021.94
1,021.94
NGN1
40.17
40.17
NIO1
451.01
451.01
NOK1
1,704.67
1,704.67
NPR1
127.15
127.15
NZD1
10,069.62
10,069.62
OMR1
37,978.72
37,978.72
PAB1
14,621.20
14,621.20
PEN1
4,342.39
4,342.39
PGK1
4,344.99
4,344.99
PHP1
277.19
277.19
PKR1
104.84
104.84
PLN1
3,849.37
3,849.37
PYG1
2.46
2.46
QAR1
4,015.71
4,015.71
RON1
3,554.89
3,554.89
RSD1
139.87
139.87
RUB1
220.19
220.19
RWF1
16.56
16.56
SAR1
3,897.21
3,897.21
SBD1
1,839.20
1,839.20
SCR1
1,071.93
1,071.93
SDG1
307.16
307.16
SEK1
1,609.20
1,609.20
SGD1
10,644.43
10,644.43
SHP1
18,265.31
18,265.31
SLL1
1.74
1.74
SOS1
25.20
25.20
SRD1
1,960.47
1,960.47
SSP1
112.24
112.24
STD1
0.69
0.69
STN1
673.78
673.78
SVC1
1,671.33
1,671.33
SYP1
28.39
28.39
SZL1
1,021.98
1,021.98
THB1
445.49
445.49
TJS1
1,553.41
1,553.41
TMT1
4,177.50
4,177.50
TND1
4,976.06
4,976.06
TOP1
6,379.07
6,379.07
TRY1
2,727.34
2,727.34
TTD1
2,169.82
2,169.82
TWD1
475.16
475.16
TZS1
6.32
6.32
UAH1
527.59
527.59
UGX1
3.91
3.91
USD1
14,621.20
14,621.20
UYU1
454.02
454.02
UZS1
1.76
1.76
VEF1
0.05
0.05
VND1
0.62
0.62
VUV1
131.87
131.87
WST1
5,614.16
5,614.16
XAF1
25.23
25.23
XAG1
213,074.34
213,074.34
XAU1
18,177,432.99
18,177,432.99
XCD1
5,410.14
5,410.14
XDR1
20,310.04
20,310.04
XOF1
25.23
25.23
XPD1
18,210,486.98
18,210,486.98
XPF1
138.74
138.74
XPT1
11,484,902.75
11,484,902.75
YER1
58.40
58.40
ZAR1
1,020.15
1,020.15
ZMW1
1,226.39
1,226.39
ZWL1
45.35
45.35
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services