Posts Tagged ‘XL’
Again, Indosat Reshuffles Director and Commissioners
Indosat, a second largest cellular operator in Indonesia just reshuffled its director and commissioners. Kaizad B Heerjee, a director from ST Telemedia was replaced by Laszlo Imre Barta. Kaizad will be officially inactive since May 2010. In board of commissioners, two of them were replaced. The independent commissioners, Setyanto P. Sentosa and Michael Latimer were replaced by Alexander Rusli and Chris Kanter respectively.
This is the second time of high level management reshuffled since Indosat bought by Qatar Telecom (QTel) on June 2008. The first reshuffled was made on June 2009.
Below are the complete list Indosat board of directors up to 2012:
- Harry Sasongko Tirtotjondro, President Director and Chief Executive Officer (since August 11th, 2009)
- Peter Wladyslaw Kuncewicz, Director & Chief Finance Officer (since September 1st, 2009)
- Laszlo Imre Barta, Director and Chief Commercial Officer (effective April 30th, 2010)
- Stephen Edward Hobbs, Director and Chief Technology Officer (since June 11th, 2009)
- Fadzri Sentosa, Director and Chief Wholesale and Infrastructur Officer (since June 11th, 2009)
- Guntur S. Siboro, Chief Marketing Officer
- Syakieb A. Sungkar, Chief Sales Officer
And the board of commissioner up to 2012:
- H.E Sheikh Abdullah Mohammded S.A Al-Thani, Chief Commissioner
- Nasser Mohd. A. Marafih, Commissioner
- Richard Fansworth, Commissioner
- Rachmad Gobel, Commissioner
- Rionald Silaban, Commissioner
- Jarman,Commissioner
- Alexander Rusli, Independent Commissioner
- Soeprapto, Independent Commissioner
- Thia Peng Heok George, Independent Commissioner
- Chris Kanter, Independent Commissioner
Till the end of 2009, Indosat serves around 33.1 million subscribers and it is facing a tight competition from XL who try to be the second largest cellular operator in Indonesia.
Reuters: Indonesia XL plans secondary share offering by 2009
JAKARTA, Sept 3 (Reuters) – Indonesia’s third largest mobile phone operator, PT Excelcomindo Pratama Tbk (XL) EXCL.JK, said on Wednesday it will offer 10-15 percent of its share capital to the public through a secondary offering by 2009.
Hasnul Suhaimi, the company’s president director, said part of Malaysian mobile phone firm TM International’s stake will be sold in the secondary offering.
“The size has not been finalised, it will depend on the book-building, but it will be between 10-15 percent,” Suhaimi told reporters.
The move is aimed to improve Excelcom’s trading liquidity, as currently only less 0.2 percent of Excelcom’s shares are in public hands.
TMI controls 83.8 percent of Excelcom while Emirates Telecommunications Corp ETEL.AD holds a 15.97 percent stake in the Indonesian company.
Suhaimi also said the company had appointed Merrill Lynch , JPMorgan and Mandiri Sekuritas to help with the offering.
Excelcom has a market capitalisation of $1.94 billion, which would puts the market value of the offering between $194-291 million). (Reporting by Andreas Ismar, writing by Harry Suhartono, editing by Sugita Katyal)
