AINMT moves into the Indonesian telecoms market
Stockholm, 23 December 2015 - AINMT Holdings AB (AINMT) has signed a definitive agreement and all conditions required to invest in PT Sampoerna Telekomunikasi Indonesia (STI) have been lifted.
STI owns nationwide frequencies in Indonesia. Together with its local partner, AINMT plans to continue to build and upgrade STIs wireless network. Indonesia is the world's fourth most populous country with a population of almost 260 million. The country consists of more than fourteen thousand islands.
"We remain focussed on investing in countries where the population is spread across large geographical distances. This is where our approach to utilise low frequencies can deliver best-in-class mobile data coverage and results for both AINMT and the nation's inhabitants and businesses. With this agreement and the recent transaction in the Philippines, AINMT has a footprint in Southeast Asia that covers around 360 million people. We look forward to capitalising on the excellent business opportunities this offers," says JD Fouchard, CEO of AINMT.
Today, AINMT operates throughout Scandinavia on 4G-only networks in Norway (ice.net), Sweden and Denmark (Net1). On 26 November, AINMT announced that it had signed an agreement to invest in Philippine 4G player Broadband Everywhere.
For further information, please contact:
Johan Michelsen, CFO
Tel: +47 410 87 000