March 2, 2011 News No Comments

Jakarta (Indonesia), 2 March 2011 – Indonesian-listed company PT Inovisi Infracom Tbk plans to acquire PT QDC Technologies as per Indonesia Stock Exchange (IDX) letter early February 2011. QDC Technologies was a subsidiary of Downer EDI Ltd, an Australia listed company specialized in engineering and infrastructure management services to the public and private transport, energy, infrastructure, communications, and resources sectors in Australia, New Zealand, the Asia Pacific, and the United Kingdom.

According to Bloomberg, PT QDC Technologies provides telecommunications infrastructure services in Indonesia. It specializes in telecommunications infrastructure development and construction. The company also provides wireless in-building coverage; GSM-CDMA and microwave turnkey installation; GSM-CDMA network benchmarking, optimization, drive testing, and tuning; quality audit and inspection; and site construction services ranging from sitac, tower, shelter, and civils. In addition, it offers CATV-HFC consultancy and installation; F/O transmission design and installation; switching design and installation; outside plant works; and ADSL design installation and commissioning services. The company was founded in 2003 and is based in Jakarta, Indonesia, and operates in July 1, 2005, as a subsidiary of Downer EDI Ltd. On February 2011, QDC Technologies is part of PT Inovisi Infracom Tbk, an Indonesian listed infrastructure company.Redi Subekti Suherman, CEO of PT QDC Technologies, quoted “The independent power plant (IPP) contracts were offered several time to the company by PT Perusahaan Listrik Negara (Persero), the national power company, thanks to the power electricity and power substation quality work carried by QDC. We plan to materialize more all-rounded IPP works by leveraging on Inovisi Infracom resources, from power generation, transmission and distribution.” “This is exciting and quantum leap for the group”, added Redi.

Refers to PLN investor report, due to increasing national electricity demand, low electrification ratio and limited investment capacity of PLN to increase power generation capacity, PLN has initiated the private sector participation as Independent Power Producers (IPP) since 1994. Due to 1997 economic crisis, the implementation of 27 first generation IPP projects were delayed, yet PLN has successfully renegotiated most of the PPA of those IPP projects. The increasing private sector participation in IPP projects after economic crisis has shown an initial success of PLN’s efforts in attracting private investments in power generation, which has been supported by the feasibility of PPA terms that provide long term, stable and predictable income streams to the investors. Currently, there are 17 IPP projects in operation with total capacity of 4,318 MW. There are 48 IPP projects in the pipeline with total capacity of 4,302 MW located in Java Island, Nusa Tenggara, Sumatera, Kalimantan and Sulawesi out of which 5 projects are under construction and 43 projects are in financing stage.

“Power transmission as well as independent power plant were among others one of the puzzle to complete Inovisi Infracom master plan.” commented Benita, the company press spokes person. Details of the acquisition was not provided and Inovisi Infracom management were reluctant to comment further. Last year, Inovisi had extended business investment in coal trading, mining and infrastructure business. Coal or batubara is one of the main raw material for electricity power generation.

About Inovisi Infracom

PT Inovisi Infracom is a diversified infrastructure investment holding company in telecommunication, energy & resources, oil & gas, power electricity & engineering, mobile Internet, media and e-commerce businesses. The company builds infrastructure and unload bandwidth for Telecommunication Industry to include basic solution from young telecommunication operators such as MVNO system, up to establish operators who need to boost and optimize VAS and improve ARPU, especially on mobile internet. Inovisi provides product(s) and service(s) which enables its’ customers to engage and get involved in the mobile business via connecting to the mobile telecommunication network and providing various services to serve the general public. Inovisi investment portfolio includes telecommunication infrastructure, social networking and communications, e-payment solutions, and online marketplaces. Company E-commerce recently extended into oil & gas, mineral, industrial products and services. The company other business includes mineral resources trading, geological research, and project management services. The company also provides power electricity and power plant engineering services, as well as independent power plant (IPP) consulting services. Investment division involves in project financing, seed and bridge investment as well as corporate M&A activities. For further information, visit the company web site www.inovisi.com

About QDC Technologies

PT. QDC Technologies provides telecommunications infrastructure services in Indonesia. It specializes in telecommunications infrastructure development and construction. The company also provides wireless in-building coverage; GSM-CDMA and microwave turnkey installation; GSM-CDMA network benchmarking, optimization, drive testing, and tuning; quality audit and inspection; and site construction services ranging from sitac, tower, shelter, and civils. In addition, it offers CATV-HFC consultancy and installation; F/O transmission design and installation; switching design and installation; outside plant works; and ADSL design installation and commissioning services. The company was founded in 2003 and is based in Jakarta, Indonesia, and operates in July 1, 2005, as a subsidiary of Downer EDI Ltd. On February 2011, QDC Technologies is part of PT Inovisi Infracom Tbk, an Indonesian listed infrastructure company. For further information, visit the company web site www.qdc.co.id

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