The Jakarta Post | February 9, 2011 | Esther Samboh
Indosat, the nation’s second largest telecommunications company, is considering spinning off its CDMA (code division multiple access) unit, StarOne, to make the company more competitive.
President director Harry Sasongko said on Tuesday that Indosat was currently conducting an internal assessment to gain momentum as the sector has shown an upward trend with most of the nation’s 230 million people having access to a mobile phone.
“The spin-off is just an assessment. This is part of an ongoing process in the company’s internal activity for StarOne,” he told reporters at his office in Jakarta.
“We continually assess and see profitable opportunities, such product marketing strategies to win a place for our products in the market,” Harry added, as quoted by Antara news agency.
The telecommunications sector led the nation’s sectoral economy in 2010, growing by 13.5 percent, higher than Indonesia’s overall 6.1 percent economic growth in 2010.
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