Inovisi to Spend $320 Million to Eexpand Telecom, Oil & Gas, Coal, Power Plant and E-Commerce Infrastructure

Share Article

Indonesia infrastructure investment company targets more investment in 2011.

PT Inovisi Infracom, the nation’s top telecommunication infrastructure provider, is earmarking around USD$320 million to develop its existing global infrastructure service, as well as e-commerce ventures in oil & gas, coal and power services, a company executive said on Tuesday.

“We are targeting to reach around 250 million mobile Internet users in South East Asia and to increase our market share this year,” Inovisi president director, Jerry Djajasaputra said at a company’s AGM (Annual General Meeting) press release.

Jerry iterated that to achieve the targets, the company would need to increase its mobile Internet infrastructure, including cloud data center and cache mirroring servers, expand storage capacity and improve its IT system. He said Inovisi global mobile Internet user coverage had exceeded 40 million users per day, or close to 200 million users, and overtaken even Indonesia’s largest cellular operator, Telkomsel, which is the World’s 7th celco to achieve 100 million subscribers mark. Although the business nature is different, the huge data consumption and user base reach out is worth a fair comparison.

Other cellular operators around the world with more than 100 million subscribers are China Mobile with 600 million subscribers, China Unicom (174 million), Bharti Airtel (162 million), Reliance Communications (135 million), Vodafone Essar (134 million), and Verizon Wireless (104 million).

Inovisi had stated, as a data service provider and serves telecommunication companies indirectly. Only recently, cellular operators such as Telkomsel, XL and Indosat started to focus on its data businesses apart from its traditional cash cows — voice and text messaging services.

On top of existing telecommunication infrastructure business, the Company is investing heavily in e-commerce infrastructure which includes securing and owning oil storage vessels, coal mining trading platform and coal mines, as part of the e-commerce strategy. "Infrastructure business has longer digestion period. The company is expected to spend about USD$320 million in the next few years and expect long term return", added Jerry.

The diversified investment Company today also reported that its consolidated net profit for the financial year 2010 jumped to Indonesian Rupiah 125.4 billion, from Rp 28.1 billion in the same period earlier, representing an increase of 346 per cent.

"We will continue to acquire good assets, especially in telecommunication, mining and energy sectors, and create more value for our investors", added Jerry.

About Inovisi Infracom
PT Inovisi Infracom is a diversified infrastructure investment holding company in telecommunication, energy & resources, oil & gas, power electricity & engineering, mobile Internet, media and e-commerce businesses. The Company provides product(s) and service(s) which enable its customers to engage and get involved in the mobile business via connecting to the mobile telecommunication networks and providing various services to serve the general public. Inovisi’s services serve to improve customer experience (faster access), boost transaction success rate, and increase application reliability. Inovisi’s services include the system design, leasing or outsourcing and also selling of hardware, software and connectivity to its customers. Inovisi investment portfolio includes telecommunication infrastructure, social networking and communications, e-payment solutions, and online marketplaces. Company e-commerce recently extended into oil & gas, mineral, industrial products and services. The Company other businesses includes mineral resources trading, geological research, and project management services. The company also provides power electricity and power plant engineering services, as well as independent power plant (IPP) consulting services. Investment division involves in project financing, seed and bridge investments as well as corporate M&A activities. For further information, visit the company’s web site at: http://www.inovisi.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Editor
Inovisi Infracom Tbk
021-5793-8515-6
Email >
Visit website