Sisindosat expands business

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)