Indosat Ooredoo Hutchison reaffirmed its commitment to shareholder returns at its Annual General Meeting of Shareholders (AGMS) for the 2024 financial year.

The meeting approved a cash dividend payout of IDR2,702,617,958,197, or IDR83.3 per share.

This consistent distribution underscores the company’s stable financial performance since its 2022 merger.

Indosat has shown a steady increase in dividend growth and remains focused on delivering up to 70% of net profit as dividends by 2026.

“As we grow into an AI-TechCo, this dividend payout announcement demonstrates our strong balance sheet and commitment to delivering sustainable long-term value to shareholders,” said Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison.

“This reflects the Shareholders’ confidence in our direction and our team’s ability to execute a focused, customer-centric strategy to create measurable impact in line with our mission to Empower Indonesia.”

The company continues its transformation strategy, focusing on artificial intelligence to drive operational efficiency and future growth.

AI and Digital Expansion Supported by Revised Business Licenses

To enable its transition into an AI TechCo, Indosat adjusted its business licenses in compliance with the 2020 Indonesian Standard Industrial Classification (KBLI).

These changes support new activities, including AI-based software development, integrated ICT services, Internet of Things (IoT) applications, and data-based services across industries such as healthcare and digital finance.

Key Milestones Include AI-RAN Rollout and Sector Initiatives

Indosat became the first telecom operator in Southeast Asia to commercially implement AI-RAN technology.

This milestone, achieved through collaboration with Nokia and NVIDIA at the 2025 Mobile World Congress in Barcelona, enhances 5G Cloud RAN efficiency and reduces energy consumption.

The company is also exploring AI adoption in various sectors, including mining, through initiatives like Indonesia AI Day.

Shareholders Approve Governance, Reporting, and Business Amendments

The AGMS ratified the 2024 annual report and financial statements, approved the use of net profit, and authorized remuneration for the Board of Commissioners.

Authority for setting the Board of Directors’ remuneration was delegated to the Board of Commissioners.

Shareholders also approved the appointment of a public accountant for the 2025 financial year and ratified changes to the company’s business activities, as outlined in a feasibility study aligned with OJK regulation No. 17/POJK.04/2020.

Article 3 of the Company’s Articles of Association was amended to reflect new business purposes and objectives.

New Leadership Structure Set for 2025–2027 Term

The new Board of Directors, effective August 1, 2025, through the 2027 AGMS includes:

• Vikram Sinha, President Director
• Lee Chi Hung, Director
• Muhammad Buldansyah, Director
• Irsyad Sahroni, Director
• Ahmad Zulfikar, Director
• Cheung Kwok Tung, Director
• Syed Bilal Kazmi, Director

The new Board of Commissioners, effective immediately through the 2026 AGMS, includes:

• Nezar Patria, President Commissioner
• Aziz Ahmad M Aluthman Fakhroo, Deputy President Commissioner
• Fok Kin Ning, Canning, Deputy President Commissioner
• Ahmad Abdulaziz A A Al-Neama, Commissioner
• Rene Heinz Werner, Commissioner
• Woo Chiu Man, Cliff, Commissioner
• Cheung Kwan Hoi, Commissioner
• Efthymios Tsokanis, Commissioner
• Sugito Walujo, Commissioner
• Achmad Syah Reza, Commissioner
• Elisa Lumbantoruan, Independent Commissioner
• Wijayanto, Independent Commissioner
• Hernando, Independent Commissioner
• Rudiantara, Independent Commissioner
• Ajay Bahri, Independent Commissioner

PHOTO: IOH

This article was created with AI assistance.