TelkomGroup Acquisition of Malaysian Satellite Company

By : Wiyanto Dan Aldo Bella Putra | Saturday, November 25 2017 - 19:00 IWST

 CEO Telin Faizal R. Djoemadi (keempat dari kiri) bersama perwakilan shareholders TSGN Dhrmarajah A.T Thiagarajah (keempat dari kanan) dan CEO TSGN Kent Ho (ketiga dari kiri)
CEO Telin Faizal R. Djoemadi (keempat dari kiri) bersama perwakilan shareholders TSGN Dhrmarajah A.T Thiagarajah (keempat dari kanan) dan CEO TSGN Kent Ho (ketiga dari kiri)

INDUSTRY.co.id - Jakarta - PT Telekomunikasi Indonesia (Persero) Tbk (Telkom) through its subsidiary PT Telekomunikasi Indonesia International (Telin) agreed on a majority purchase of TS Global Network Sdn Bhd (TSGN), Malaysia's dominant provider of satellite communications services. The transfer of majority ownership of TSGN to Telin was marked by the signing of a conditional sale and purchase agreement executed by the President Director of Telin Faizal R. Djoemadi, CEO of TSGN Kent Ho, and TSGN shareholders, witnessed by Telkom's Wholesale & International Service Director Abdus Somad Arief and Chairman ofd TSGN Datuk Hod Parman, in Cyberjaya, Malaysia, Friday (24/11).

TSGN is the largest VSAT service provider in Malaysia with corporate customers from various industries such as plantation, mining, government and banking, as well as TSGN having affiliated companies in Brunei and Myanmar.

President Director Telin Faizal R. Djoemadi said, in a satellite business that knows no national borders, Telin needs an experienced and existing partner in the regional market. Therefore, with TSGN the opportunity to expand the communications satellite market will be wide open, both in Malaysia and other regional regions. "The acquisition of TSGN is also in line with Telin's vision to become a Global Digital Hub. This corporate action is also expected to provide added value for Telin in terms of access to regional markets, especially Malaysia, Brunei and Myanmar," Faizal said after signing.

On the same occasion, Telkom Director of Wholesale & International Service, Abdus Somad Arief, affirmed that synergy with TSGN is a strategic step for the development of satellite market in Asia Pacific region. "This synergy will further open opportunities for TelkomGroup to realize the goal of becoming a major player in the satellite business, in line with the company's strategic objectives to become the top 3 satellite service providers in Asia," said Abdus Somad Arief.

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…