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Mitsui & Co., Ltd. ("Mitsui", Head office: Tokyo, President & CEO; Masami Iijima) is pleased to announce that it has invested US$75 million in PT Internux ("PTI"), a mobile (LTE) telecommunication operator owned by Indonesian conglomerate Lippo Group, and started its services.
The current number of mobile subscribers in Indonesia (population 240 million) exceeds 250 million, and the net number of subscribers has reached 170 million. Of particular note, it is estimated that, among handset users, smart phone use will rise to 40% in 2015 from 15% in 2010. Not only that, we expect services using still images and moving pictures on the mobile internet will accelerate due to the popularization of SNS, and demand for large-volume data communication will also increase as smartphones spread.
PTI, to meet demand, launched a high-speed mobile data communication (LTE*) service on December 24th in the Greater Jakarta area, which will contribute to enhancing the local mobile network environment. In the long term, we intend to expand the service area and create new business in mobile application areas.
Mitsui is accelerating its globalization and redeploying resources strategically in line with its medium-term management plan. Through executing this business in Indonesia, which is one of the key areas in the medium-term management plan, we will provide value creation in mobile related service fields.
* LTE, Long Term Evolution, is a standard for wireless communication of high-speed data and described as a 3.9-generation (3.9G) mobile communication system
|Shareholders||Mitsui, 20% ; Lippo Group, 80%|
|Network||5,200 base stations are planned to be deployed by 2020|
|Major Businesses||High-speed mobile service, Real estate development, Retail, Hospital, Education, Paid cable television/satellite television, Internet service provider, Media, Banking|
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.