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You will be surprised what they have been doing with Boost, an Axiata's fintech arm. Did you know Boost has set foot on Cambodia and Indonesia? Boost has several subsidiaries e.g. Indonesia: PT Creative Mobile Adventure (CMA), Cambodia: Smart Axiata Partnership. Their core business is P2P lending and microfinancing for SMEs and individuals & Consumer lending and mobile financial services.
Axiata has been busy lately, ekk?
The telecom market in Indonesia is dominated by a few major players, including:
1 Telkomsel (owned by state-owned Telkom Indonesia): The largest player with over 170 million subscribers.
2 Indosat Ooredoo Hutchison: Formed by the merger of Indosat and Hutchison 3 Indonesia, it has over 100 million subscribers formed in 2021 through the merger of PT Indosat Ooredoo (majority-owned by Qatar’s Ooredoo Group) and PT Hutchison 3 Indonesia (H3I), a subsidiary of CK Hutchison Holdings, a multinational conglomerate controlled by billionaire Li Ka-shing, the same CK Hutchison recently agreed to sell its Panama Canal ports (via Hutchison Ports) to a BlackRock-led consortium for $22.8 billion
3 XL Axiata (partially owned by Axiata Group): A significant competitor with around 60 million subscribers.
Starlink satellite service is expensive. Starlink charges $45 (MYR210) per month while locals only charge 3x cheaper than Starlink. This means only mid to high income households & businesses can afford Starlink. Subscribers in remote areas are limited.
Starlink broadband speed is so SLOWWWWW.....
Telkomsel, Indosat Hutchison & XL Axiata are all focused on urban area which are more profitable with volumes.
Starlink collaborated with Telkomsel. They provide satellite services in rural areas to Telkomsel which I already mentioned in my comment above.
now you are talking about telkomsel is a threat, is it? This is just your another scare tactics.
The fact is telkomsel is a state-owned company. Its like RTM in Malaysia. Their aim is to provide their population with cheap affordable telecom. They are not profit oriented company.
Indonesia is an emerging country esp in Kalimantan. Their living standard is improving. They now can afford premium products. Many opportunities there.
If you want to short, its already too late..
@Kok Jong,
Edotco Group operates in 9 countries across Asia, including Malaysia, Indonesia, Bangladesh, and Cambodia and manages over 54,000 towers globally. Axiata Group is the majority shareholder of Edotco, holding approximately 62.4%, Khazanah Nasional recently acquired a 17% stake and a Japanese company, Mitsui & Co., Ltd., a prominent Japanese conglomerate, acquired a 16% stake in Edotco in 2019. This move aligns with their strategy to invest in high-growth sectors, particularly in digital infrastructure, which is critical for Malaysia's 5G rollout (with U-Mobile) and digital economy.