Telkom sets up new subsidiaries
Telkom sets up new subsidiaries
JAKARTA (JP): The state-owned domestic telecommunications operator PT Telkom signed here yesterday an agreement to establish PT Metro Selular Nusantara and PT Mobil Selular Indonesia, two more subsidiaries dealing with mobile cellular telecommunications.
Metro Selular is 64 percent own by PT Centralindo Panca Sakti, 20.17 percent by Telkom, 9.83 percent by Telkom's employee pension fund, 5 percent by PT Djati Yudha Cellular and 1 percent by the cooperative of the Armed Forces. Centralindo is controlled by the Napan Group.
Metro Selular plans to develop 150,000 lines with an investment of Rp 400 billion (US$175 million).
Mobil Selular is 70 percent owned by PT Rajasa Hazanah Perkasa, 25 percent by Telkom and 5 percent by Telkom's employee pension fund. Rajasa, partly owned by International Wireless Communications of the United States, is controlled by PT Bina Reksa Perdana, which is owned by Hutomo Mandala Putra.
Stakes
Telkom currently owns stakes in several other cellular mobile telecommunications subsidiaries, including PT Satelindo and PT Telkomsel, which runs the global system for mobile communications, as well as PT Komselindo and PT Telekomindo Prima Bakti, which runs the advanced mobile phone system.
The businesses of Metro Selular and Mobil Selular were previously run by two separate firms under revenue sharing plans with Telkom.
Metro Selular will run the narrow-band advanced mobile phone system (N-AMPS) in Central and East Java, Maluku and Irian Jaya. The business was started by PT Centralindo Panca Sakti.
Meanwhile, Mobil Selular runs the Nordic mobile telephones (NMT-450) system.
The government ruled that, starting in 1993, telecommunications cooperation between private firms and Telkom must take the form of a management contract, a join operation scheme or a join venture arrangement. Existing business based on revenue sharing with Telkom will gradually be abolished.
Rajasa president Tony Hardianto said that in addition to the existing operation areas of Jakarta and Bandung in West Java, Mobil Selular will expand next year throughout Java, Lampung, Bali and Lombok.
He said that by August next year, Mobil Selular expects to have 80,000 subscribers. Currently the company lists some 26,000 subscribers. (icn)