XL`s Q1 profit up 109 pct

Jakarta (ANTARA News) - Publicly-listed cellular phone operator PT Excelcomindo Pratama (XL) Tbk said on Wednesday its net profit in the first quarter of 2008 jumped 109 percent to Rp368 billion from the same period last year. [more, antaranews]

Indonesia's Excelcom Q1 net profit doubles

JAKARTA, April 30 (Reuters) - Indonesia's third-largest mobile phone operator, PT Excelcomindo Pratama Tbk EXCL.JK, reported on Wednesday a doubling in first-quarter net profit, thanks to a sharp rise in its subscribers. [more, reuters]

UPDATE 1-Indonesia's Excelcom says may delay, cancel share offer

JAKARTA, April 4 (Reuters) - Indonesian mobile phone operator PT Excelcomindo Pratama Tbk EXCL.JK said on Friday it could delay or even scrap a plan to increase its free market float via a secondary offering if market conditions were not favourable. [more, reuters]

Indonesia's Excelcom agrees $424 mln bank loans

JAKARTA, Dec 21 (Reuters) - Indonesia's third-biggest mobile phone operator, PT Excelcomindo Pratama Tbk EXCL.JK, has agreed loans of 4 trillion rupiah ($424.4 million) from Indonesia's largest lender, PT Bank Mandiri Tbk BMRI.JK. [more, reuters]

New Report Profiles 13 Major Asian Telcos

DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c78022) has announced the addition of 2007 Asia - Telco Company Profiles to their offering.

This report presents 13 profiles of selected major telecommunications companies in Asia. Each profile provides a descriptive overview of the business of the particular company as well as the latest available financial and operational statistics.

This publication contains overviews of the companies that have been attracting most attention in the region. The reports contain historical financial and operating data on each of the companies covered. [more, businesswire]

Indonesia blacklists FDI

... The foreign-investment restrictions are by far the most maintained by any regional government and ironically come at a time when foreign direct investment (FDI) to Indonesia trails regional rivals - not to mention China.
According to Trade Minister Mari Pangestu, the ruling, which represents the first major revision in more than seven years, is designed to protect "national interests". As with the previous list, the provisions appear to apply only to FDI, and not to purchases of shares of companies listed on the local stock exchange. The new list will be in force for three years unless revised earlier by a government team tasked with regularly assessing the list. Business fields not covered by the decrees are open to investment unless otherwise closed by law. [more, atimes.com]

Telekom Malaysia sees Indonesian investment unchanged from Jakarta's new ruling

KUALA LUMPUR (Thomson Financial) - Malaysia's largest telecommunications provider Telekom Malaysia does not expect the new ruling in Indonesia governing foreign ownership in telecom companies to affect its shareholding in PT Excelcomindo Pratama Tbk.
Telekom currently holds a 67 percent stake in Excelcomindo. [more, forbes]

Indonesian government caps new FDI in telecoms sector

The government of Indonesia has adopted legislation to cap new foreign investment in the country’s telecoms market, the trade minister said on Wednesday. The move, which is designed to protect national interests, comes amid rising concerns from some Indonesian politicians over the growing influence of foreign businesses in what is currently Southeast Asia’s leading economy. [more, telegeography.com]

05-07-2007: Maxis, TM may be spared from cutting stake in Indonesian units

Telekom Malaysia Bhd (TM) and Maxis Communications Bhd may have escaped having to cut their respective stakes in their Indonesian investments.
Indonesia announced yesterday a cap on new foreign investment in parts of the transport, property and fast-growth telecoms sectors in the name of protecting national interests. [more, theedgedaily.com]

Indonesia caps new diversified foreign investment

JAKARTA: Indonesia has capped new foreign investment in sectors such as transport, property and fast-growth telecoms, the trade minister said on Wednesday, citing a need to protect the national interest.The new ruling, effective from Tuesday, comes amid concerns raised by some politicians over the growing influence of foreign business in Southeast Asia’s top economy after a series of state asset sales since the Asia crisis a decade ago. [more, thenews]

Alcatel-Lucent to build 10 gigabit IP/Ethernet network for Telekom Malaysia

Over 160 service providers in more than 60 countries around the world have selected the Alcatel-Lucent IP portfolio as key elements for their IP transformation, including massive, multi-year projects at AT&T, BT and Telstra. In the past months, Alcatel-Lucent has announced new service provider IP transformation deployments at Cable & Wireless, China Mobile, CTM-Macau, Hawaiian Telecom, Indosat, SaskTel, Telefónica Latin America, Telecom Malagasy and Vodafone. [more, webwire.com]

TM unit plans fibre optic link in Indonesia

PT EXCELCOMINDO Pratama (XL), a unit of Telekom Malaysia Bhd (TM), plans to spend about RM116 million to lay a fibre optic network in Indonesia, a company spokesperson said.

... Besides XL, the other six companies in the consortium to develop the Palapa Ring are PT Power Utama Internusa, PT Nusantara Ekaprana Teknogunakelola, PT Infokom Elektrindo, PT Bakrie Telecom, PT Indosat, and PT Telekomunikasi Indonesia (Telkom). [more, btimes.com.my]

Spice promoters may offload 20% stake

B K Modi and Telekom Malaysia, both promoters of Spice, will reduce their stake by 10 per cent each to 41 per cent and 39 per cent, respectively, sources close to the development said. [more, business-standard.com]