Hutchinson is planning to exit from Indonesia
I found this interesting news from www.telecommagazine.com that wrote the this issue. Hutchinson Telecommunications (HTIL) which also operates outside Hong Kong to offer mobile services in six other countries in Asia is planning to exit from Indonesia. HTIL offers mobile services in Indonesia through Hutchinson CP Telecommunications (HCPT), a joint venture with CP Group of Indonesia under product name “Three” (3).
‘Negative factors’ were reportedly cited for its decision which included ‘complicated regulatory risks.’ The joint venture operates 2G and 3G platform in Indonesia and has a subscriber base of 3.6 million as at September 2008 giving it a market share of 2.8 percent.
In December 2007, Indonesia invoked its anti-monopoly laws against Temasek Holdings, Singapore’s sovereign wealth fund manager, for its indirect holdings in two telcos, Indosat and PT Telkomsel. The stakes in the two Indonesian telcos were owned by two Singapore entities – one, a fully owned investment unit, ST Telemedia and the other is publicly-listed, Singapore Telecommunications Limited, in which Temasek has substantial interests. Following unsuccessful appeal in May 2008, ST Telemedia sold its stake in Indosat to Qtel, Qatar Telecom.
Although this article was written in last January, the issue is still new for Indonesian Telecommunication communities.
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