Indosat, the second-largest telecommunication networks and services provider in Indonesia, is expected to gain momentum after experiencing several weak years. By modernizing its network and reducing foreign-denominated debt, the company, which recently renamed itself Indosat Ooredoo, is in a position to compete again against its main rivals Telekomunikasi Indonesia and XL Axiata. Indosat is for 65 percent controlled by the Qatar-based Ooredoo Group, a telecommunications provider.

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Indonesia Investments updated the company profile of Indosat in our Indonesian Companies section. Indosat, the third-largest telecommunication operator in Indonesia with approximately 59.7 million cellular subscribers, made headlines in Indonesian newspapers after presidential candidate Joko ‘Jokowi’ Widodo said in a debate on Sunday (22/06) that he would like to see the Indonesian government buy back shares of the company (which had been sold to Qatar Telecom about a decade ago amid financial turmoil).

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The corporate performance of Indosat Ooredoo, one of the largest telecommunication networks and services providers in Indonesia, is expected to improve in the years ahead on the back of Indonesia's growing smartphone usage, rising data traffic and the company's internal improvements. At the start of 2016 Indosat Ooredoo had nearly 70 million cellular subscribers in Indonesia. The company is a subsidiary of international telecommunications company Ooredoo that is headquartered in Doha (Qatar).

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Indosat Ooredoo, Indonesia's second-largest telecommunication networks and services providers, is expected to post net profit in 2016 after three straight years of net losses. Supported by its new 4G/LTE network - now available in 27 Indonesian cities (and 16 more cities are targeted to be added to this network in 2016) - the company's performance should improve. Moreover, lower US dollar-denominated debt will also contribute positively to Indosat Ooredoo's corporate earnings. At end-2015 the company had 69.7 million mobile phone subscribers.

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