ISAT – A IDR12 tn allocation for 2024' capex

ISAT – A IDR12 tn allocation for 2024' capex Indosat Ooredoo (ISAT) has allocated around IDR12 tn for 2024' capex, which will be used for; its coverage' expansion, capacity' increase and network quality' improvements to rural areas, especially Eastern Indonesia. ISAT will implement infrastructure expansion to rural areas and provide innovative solutions to drive performance this year. These efforts are also in line with various cooperation and implementation of AI, machine learning, IoT and other technologies. Earlier this year, ISAT worked with several global companies at Mobile World Congress in Barcelona, including Huwaei, NVDIA, Tech Mahindra, Nokia, Ericsson and Netcracker Technology. In the cellular segment, ISAT will continue its roadmap in meeting digital needs. The broadband and enterprise segments also will continue to be strengthened by connectivity through the expansion of fiber optic networks. Note that, ISAT posted revenue of IDR51.22 tn (+9.57% yoy) in 2023. (Source : Kontan)