Indosat Ooredoo Hutchison (Indosat) today announced the acquisition of customer assets of Indonesian fiber optic network service provider PT MNC Kabel Mediacom (MNC Play) as part of a partnership with Asianet.。

The acquisition significantly expands Indosat's fiber-to-the-home (FTTH) business, which will operate under the Indosat HiFi brand.。With this acquisition, Indosat adds 300,000 regular home internet and entertainment customers to its existing 100 million mobile and FTTH subscribers.。

In addition, Indosat has acquired MNC Play's Internet Protocol TV (IPTV) service, bringing the FTTH business and IPTV service into one package to enhance the customer experience.。

Vikram Sinha, President and CEO of Indosat, said: "Digitalization is not Indosat's only focus, and enhancing the customer experience is also our top priority.。With the addition of IPTV services from MNC Play, Indosat HiFi will expand to include not only well-established home broadband services, but also entertainment services such as cable and interactive TV.。"

Indosat's acquisition of MNC Play brings several strategic advantages:

1.The expansion of FTTH business has significantly strengthened Indosat's position in Indonesia's fixed broadband market, a move that is in line with Indonesia's growing trend towards fiber-optic network construction and reflects the growing industry shift towards high-speed, reliable Internet services.。Global Data, an analysis firm, estimates that between 2022 and 2027, the compound annual growth rate of fixed broadband accounts in Indonesia can reach 10.6%。

2.As MNC Play customer assets grow, Indosat expands its user base, completes fiber-based network infrastructure。The acquisition not only boosted Indosat's market share, but also enabled the company to meet the growing demand for high-speed Internet services in Indonesia.。As household penetration increases, Indosat must take full advantage of the expanding fixed broadband market。

3.Through the effective use of MNC Play's expertise and resources, Indosat can fully consolidate its advantages, improve operational efficiency, and improve service products。

MNC Play's fiber-optic network business was acquired earlier by Asianet, part of the Lightstorm Group.。Asianet now owns, manages and operates all aspects of the business.。According to Amajit Gupta, CEO and General Manager of Lightstorm Group, Asianet will have more than 15,000 kilometers of fiber optic network and more than 1.5 million home fiber optic cable connections in ten cities in Indonesia.。

In response, MNC Play President Ade Tjendra said that during the integration process, the two companies will ensure a smooth transition and provide consumers with reliable services.。As part of the transition, the management of the fibre network will be under the direct responsibility of Asianet.。

Commenting on the acquisition, Vikram Sinha said: "This changes the size of our FTTH business, with the home broadband business accounting for a growing share of Indosat's growth, which in turn strengthens our position in the FTTH business.。FTTH business will connect people across Indonesia and accelerate the country's digital transformation。"