Indosat approves dividend payout, advances AI transformation

Indosat Ooredoo Hutchison has approved a cash dividend payout equivalent to IDR83.3 per share following its Annual General Meeting of Shareholders for the 2024 financial year.

The dividend, which amounts to a total of IDR2,702,617,958,197, highlights the company's ongoing policy of consistent dividend distribution since its merger in early 2022. Indosat attributes this commitment to steady financial performance and efforts to generate sustainable value for its shareholders.

The company outlined a dividend payout policy aimed at distributing up to 70% of net profit by 2026. This policy is designed to maintain Indosat's focus on rewarding shareholders while continuing investment in its transformation towards becoming an AI-driven technology company.

Vikram Sinha, President Director and Chief Executive Officer of Indosat Ooredoo Hutchison, said, "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. 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."

Indosat's transformation into an AI technology company has involved the adjustment of business licences in compliance with the 2020 Indonesian Standard Industrial Classification (KBLI). The move is designed to facilitate expansion into programming and development of AI-based solutions, integrated ICT services, Internet of Things (IoT), and the development of data-based services targeting sectors such as healthcare and digital finance.

As part of its transition, Indosat reported reaching several milestones, including becoming the first operator in Southeast Asia to commercially implement AI-RAN technology. This was achieved through collaboration with Nokia and NVIDIA, with the technology aiming to support 5G Cloud RAN efficiency and reduce energy consumption.

The company is also exploring applications of artificial intelligence in various industry verticals. Initiatives include the Indonesia AI Day, focusing particularly on sectors such as mining, which Indosat considers to have significant potential for productivity and efficiency gains through AI adoption.

During the same shareholders' meeting, several additional resolutions were passed. These included approval of the 2024 annual report, ratification of financial statements, decisions on the use of net profit, determination of remuneration for both the Board of Commissioners and the Board of Directors for the year 2025, appointment of the company's public accountant for 2025, and changes to the composition of the Board of Directors and Board of Commissioners.

The meeting also discussed a feasibility study conducted by an independent appraisal service, reviewing plans to expand the company's business activities in compliance with Financial Service Authority regulation No. 17/POJK.04/2020 on material transactions and alterations of business activities. Amendments to Article 3 of the company's Articles of Association concerning its purposes, objectives, and business activities were also approved.

As of 1 August 2025, Indosat's Board of Directors will comprise Vikram Sinha as President Director, Lee Chi Hung, Muhammad Buldansyah, Irsyad Sahroni, Ahmad Zulfikar, Cheung Kwok Tung, and Syed Bilal Kazmi as Directors. The Board of Commissioners, effective from the close of the meeting until the next meeting in 2026, will include Nezar Patria as President Commissioner, Aziz Ahmad M Aluthman Fakhroo and Fok Kin Ning, Canning as Deputy President Commissioners, and ten other Commissioners, five of whom are designated as Independent Commissioners.