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Jakarta Post

Indosat to let go of ‘uncompetitive’ satellite business

  • Norman Harsono
    Norman Harsono

    The Jakarta Post

Jakarta   /   Fri, January 15, 2021   /  11:36 am
The Jakarta Post Image
Illustration of a satellite.(Shutterstock/Tatiana Shepeleva)

Publicly listed PT Indosat, one of Indonesia’s top three telecommunications providers, has reaffirmed plans to let go of its satellite business after a year-long problem that has crept up to the international stage. Indosat chief legal and regulatory officer Natasha Nababan said on Tuesday that the company no longer deemed its satellite communications business “competitive” and, thus, shrunk its satellite fleet from three satellites to one. “It’s not efficient. We can’t give competitive prices for satellite communications,” she said at a virtual investor meeting. “The company, going forward, will not own and operate satellites.” Letting go of the satellite business is part of Indosat’s “three-year turnaround strategy” to improve its financial standing after booking a net loss of Rp 2.4 trillion (US$170.63 mi...