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View all search resultsIndosat forms Rp 14.6t fiber optic venture with Arsari, Northstar
Named FiberCo, the new joint venture is to operate an 86,000-kilometer open access network to ready the country for the AI era.
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A telecommunication tower overlooks a verdant, mountainous terrain, in this undated handout photo from Indosat Ooredoo Hutchison.
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ndosat Ooredoo Hutchison (IOH) has inked a deal to form a joint venture with Arsari Group and Singapore-headquartered Northstar Group, aiming to expand Indonesia's fiber optic telecommunication infrastructure in preparation for the coming artificial intelligence era.
The signing ceremony on Tuesday was attended by IOH president commissioner Nezar Patria, who is also deputy communication and digital minister, as well as Arsari Group CEO Hashim Djojohadikusumo and Northstar Group cofounder Patrick Walujo.
Under the Rp 14.6 trillion (US$870 million) deal, Indosat will transfer its fiber optic assets to a newly formed entity called FiberCo while retaining strategic control with around 45 percent ownership.
IOH president director and CEO Vikram Sinha underscored the critical role of physical infrastructure in the digital ecosystem through a vivid analogy: "AI is the engine but fiber optics is the path. And this is what we are building together today," Sinha said on Tuesday, as quoted by Kumparan.
He emphasized the new venture's alignment with the national agenda, calling it a shared responsibility to support the government’s vision of achieving 8 percent economic growth.
Aryo Djojohadikusumo, deputy CEO and COO of Arsari Group, said the company’s involvement transcended mere capital injection.
“This partnership is built on trust, institutional discipline and a shared commitment to national development goals. It must be viewed as a platform for decades to come,” Aryo said, as quoted by Kumparan.
