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PT Indosat Tbk is the provider of international long-distance and wireless services in Indonesia. The company operates under three reportable segments: Cellular, Midi and Fixed segment. Cellular, providing network coverage in all cities across Indonesia; fixed telecommunications, which provides services such as international calls and fixed lines; and multimedia interactive, data and internet, which offers products such as fixed connectivity, IT service and fixed Internet. The Cellular segment provides majority of the company's revenue.

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Indonesian Logistics Company J&amp;T Express Evaluating $1B US IPO: Bloomberg

PT Indosat Tbk

Indosat

<ul>
	<li>Indonesian courier company&nbsp;<strong>J&amp;T Express</strong>&nbsp;is planning to raise over $1 billion from a U.S. initial public offering (IPO) as soon as the fourth quarter, at a $5 billion valuation, becoming the first Indonesian firm to list in the U.S. since 2019,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-04-01/indonesia-s-j-t-express-said-to-weigh-1-billion-plus-u-s-ipo?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.</li>
	<li>The company is planning new funding round after raking in $300 million in the most recent funding round.</li>
	<li>J&amp;T Express could challenge telecom tower operator&nbsp;<strong>PT Indosat Tbk</strong>&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ptitf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">PTITF</a>) $1.05 billion IPO in 1994.</li>
	<li>J&amp;T Express has expanded into Malaysia, Vietnam, Indonesia, Thailand, Singapore, Cambodia, and China since its 2015 inception. The courier company recently launched an air freighter in Tangerang.</li>
	<li>J&amp;T Express partners include Indonesia&rsquo;s e-commerce firms PT Tokopedia and Bukalapak.com, and Singapore-based Sea Ltd owned, Shopee.</li>
	<li>The pandemic induced online shopping acted as a significant demand driver for logistics and warehouses, further triggered by the 267 million Indonesian population spread over 7,000 islands.</li>
</ul>


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Latest Indosat Stock News | OTC:PTITF | Benzinga

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