Indonesia plans to move the regulation, supervision and oversight of cryptocurrency investments to the Financial Service Authority (OJK) to better protect investors, its finance minister said on Thursday. Currently, the Trade Ministry and the Commodity Futures Trading Regulatory Agency jointly oversee cryptocurrency in Southeast Asia’s largest economy, where there has been a boom in such […]
Indonesia
Indonesia has blocked search engine website Yahoo, payments firm PayPal and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash on social media. Registration is required under rules released in late November 2020 and will give authorities broad powers to compel platforms to disclose data […]
In a spectacular move, Indonesian telecommunications provider PT Indosat, trading as Indosat Ooredoo Hutchison (IOH), recorded a net profit of $470 million in 2021 after beating an obstacle from the previous financial year when it suffered a loss of $49 million. The collaborative enterprise between Ooredoo and Hutchison Asia Telecom Group said in an earning […]
Malaysian multinational telecommunications conglomerate Axiata Group Berhad and its Indonesian subsidiary PT XL Axiata Tbk have agreed to jointly take a 66.03 percent stake in PT Link Net Tbk for $606.19 million, the Malaysia telecoms group said on Thursday. Under the terms of a conditional share purchase agreement with Asia Link Dewa Pte Ltd and […]
Epsilon Telecommunications (Epsilon) plans to provide customers with access to the AWS Asia Pacific (Jakarta) Region in Indonesia, the second AWS Region in Southeast Asia outside of Singapore. Customers can buy and manage dedicated network connections to the new AWS Region using Epsilon’s Cloud Connect solution, which is delivered on its Network-as-a-Service (NaaS) platform Infiny. According […]
After securing all shareholder and regulatory approvals, Qatar’s telecoms company Ooredoo and Hong Kong’s CK Hutchison Holdings Ltd completed the $6 billion merger of their Indonesian telecom businesses. The outcome of the deal is the new entity, Indosat Ooredoo Hutchison, the country’s second-biggest telecoms company after state-backed Telkomsel. The government has already given the principal merger […]
Biotechnology company Novavax said Monday that Indonesia has given the world’s first emergency use authorization for its COVID-19 vaccine, which uses a different technology than current shots. The vaccine doesn’t require the extremely cold storage temperatures that some other vaccines need, which could allow it to play an important role in boosting supplies in poorer […]
Singapore operator Singtel has announced that its joint venture company Telkomsel has agreed to sell 4,000 telecommunication towers to Mitratel for $434 million. As part of the transaction, Telkomsel has also entered into a 10 year lease arrangement with Mitratel for rental of tower space, which will take effect from the transfer of the respective […]
Telecom operators often search for better ways to offer their users enhanced services, while also developing tools to reduce costs and increase effectiveness. Nokia has announced that it is working with 3 Indonesia (the first Nokia customer in the Asia Pacific and Japan region), to enhance and expand its LTE network coverage and capacity to […]
Despite the pandemic, countries have been rolling out technology to help facilitate the need for faster and more efficient means of communication. According to a GSMA report voice calls over LTE are recognized as “the industry-agreed progression of voice services across mobile networks.” As such, VoLTE deployments are taking place in more countries across the world […]