Sisindosat expands business

JAKARTA (JP): PT Sisindosat Lintasbuana, a sister company of state-owned PT Indosat, plans to establish more joint ventures with foreign firms, company president A. M. Suseto said yesterday.

"We will set up a new joint venture later this year and another one early next year. But I cannot give the details now," Suseto said.

Sisindosat has decided to postpone its plan for three years to offer about 25 percent of its shares to foreign investors, he said.

Suseto said Sisindosat planned that its new companies would operate satellite-based telecommunications, information technology and digital mobile cellular telecommunications services.

Sisindosat has four subsidiaries or affiliates: PT Sistelindo (35 percent owned), PT EDI Indonesia (49 percent), PT Graha Lintas Properti (35 percent) and the U.S.-based Global Link (20 percent).

Sisindosat, PT Pan System and PT Inti of Indonesia and Infotech of India signed a memorandum of understanding last April to develop and export computer software products. (icn)