Another 6 million Indosat subscribers in 2008

Indosat expected to maintain the 28 percent the market share in cellular phone industry by end of this year, or at least by the same as that of last year. Last year, Indosat reported 24.5 million subscribers and targets to reach 30.5 million or 25 percent increase. “We off course expect that our market share will increase by more than 28 percent by end of this year. At least we can remain at 28 percent. I think the other operators have the similar expectation so that we will face tight market competition,” said Johny Swandi Sjam, Indosat president director, following the public expose of Indosat bonds issuance in Jakarta Monday (25/2). (Investor Daily, pg 24)