September 20, 2014 8:52 AM ET

Diversified Telecommunication Services

Company Overview of PT Link Net Tbk

Company Overview

PT Link Net Tbk distributes television programs and high speed Internet broadband services to corporates and individuals through its fixed-wired broadband communication network in Jakarta, Bogor, Tangerang, Bekasi, Surabaya, and Bali, Indonesia. The company offers high-speed Internet broadband service under the FastNet name; subscribed television service under the HomeCable name; and data communication service using optical fiber network for business and other commercial purposes under the DataComm name. It also offers multimedia and business management consultation services. As of December 31, 2013, the company had approximately 1,194,000 home-passed networks and 329,000 television subscrib...

Gedung Berita Satu Plaza

Floor 4

Suite 401

Jalan Jenderal Gatot Subroto Kav. 25-26

South Jakarta,  12950

Indonesia

Founded in 1996

607 Employees

Phone:

62 21 527 8811

Fax:

62 21 527 8833

Key Executives for PT Link Net Tbk

PT Link Net Tbk does not have any Key Executives recorded.

PT Link Net Tbk Key Developments

PT Link Net Tbk Reports Unaudited Consolidated Financial Results for the Six Months Ended June 30, 2014

PT Link Net Tbk reported unaudited consolidated financial results for the six months ended June 30, 2014. For the six months, the company revenue of IDR 1,016,024 million against IDR 787,202 million for the same period of last year. Operating profit was IDR 400,164 million against IDR 306,567 million for the same period of last year. Profit before income tax was IDR 373,008 million against IDR 281,845 million for the same period of last year. Profit for the period attributable to owners of the parent was IDR 277,733 million against IDR 209,987 million for the same period of last year. Earnings per basic share was IDR 91 against IDR 69 for the same period of last year. Net cash flows provided from operating activities was IDR 506,275 million against IDR 353,005 million for the same period of last year. Purchase of property, plant and equipment and equipment for installations was IDR 445,117 million against IDR 460,800 million for the same period of last year.

CVC Reportedly Seeking Adviser for Link Net Share Sale

CVC Capital Partners Limited has invited banks to pitch for a mandate to advise it on the sale of shares in PT Link Net (JKSE:LINK) in a deal that could raise at least $500 million, people with knowledge of the process said. Banks are due to start pitching for the mandate for the Link Net share sale beginning next week, one of the people said. The timing of the sale and volume of shares to be sold have yet to be finalized, the people said.

Link Net to Invest IDR 1 Trillion to Expand Infrastructure

Link Net expects to invest IDR 1 trillion this year to expand its network infrastructure and connect more households across the country. The company aims to connect 1.7 million households across the country to the internet by 2016. Link Net also expects to provide internet services to 200,000-250,000 households in greater Jakarta this year. Nearly 90% of capex this year will be provided through internal funds, while the rest will be covered through bank funds.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 3, 2014
PT. Lynx Mitra Asia
Merger/Acquisition
June 9, 2014
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