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Prabowo Camp: Indosat Buyback Important for Frequency Sovereignty

Translator

Ririe Ranggasari

Editor

Laila Afifa

26 March 2019 17:31 WIB

TEMPO.CO, Jakarta - The narrative to buyback Indosat, as promised by vice presidential candidate Sandiaga Uno, is seen as a positive discourse by their campaign team. The camp also claims that the corporate act would be a profitable one. 

"Indosat buyback is also important as a form of frequency sovereignty," the Prabowo-Sandiaga campaign team spokesman Haryadin Mahardika said on Tuesday, March 26. 

Sandiaga had said that his plan to re-purchase Indosat is a step in supporting the single identification number (SIN) program through the e-ID card. To make the program a success, he said, Indonesia must have control over data first. 

For the record, in Q4/2018 Indosat's revenue grew 11.78 percent from the previous quarter. However, for the entire year of 2018, the company's revenue declined and it posted a loss of Rp2.4tn, a major drawback from 2017's profit record of Rp1.13tn.

Fajar Pebrianto

IndosatBuyback IndosatSandiaga UnoPrabowoPresidential ElectionEconomyBusiness


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