Sat, 01 Nov 1997

Gunawan appointed new Satelindo boss

JAKARTA (JP): PT Satelindo, a private telecommunications company, announced yesterday its new board of directors and commissioners.

The company, which was set up in January 1993, has appointed its former cellular director Saleh Gunawan president, replacing Iwa Sewaka, spokesperson Ayu Wulan said.

She said Iwa officially handed over his position to Gunawan yesterday.

She said the company, Under its restructuring program, had also appointed five new directors, instead of nine.

Janto Warjanto was appointed director of international calls and acting satellite director; S.W Ouwens as cellular director; and Gerard Christiaan Meermann as finance director.

Gunawan, 53, was also appointed director of business development.

Satelindo operates international calls services, satellite and cellular phone business. It is owned by the widely diversified Bimantara Group, PT Indosat, PT Telkom and DeTeMobil of Germany.

Wulan said Satelindo's board of commissioners included Fuad Bawazier, Bambang Trihatmodjo, Aziz Mochdar, Sugianto Kusuma, I Nengah Seroma, Achmad Rivai, Mathias Weber and Laubscher.

Sewaka was appointed advisor to the commissioners, she added.

Satelindo reported yesterday a portfolio of 380,000 users of its Global System for Mobile communications (GSM) service.

As of September 1997, the company's revenue had reached Rp 1 trillion (approximately US$278 million) and its net profit Rp 115 billion.

Satelindo, which is set to float shares next year, booked in 1996 a total revenue of Rp 595 billion and a net profit of Rp 85 billion. (icn)