Bhakti Investama Group.
Bhakti bhakti (bŭk`tē) [Skt.,=devotion], theistic devotion in Hinduism. Bhakti cults seem to have existed from the earliest times, but they gained strength in the first millennium A.D. Investama Tbk is the holding company of the Bhakti Investama Group, which have widely varied business units mainly in the service sector. This company group was established by Bambang Hary Iswanto Tanoesoedibjo (42). The group is also known as Hary Tanoe. Bahkti Investama Tbk. It began to gain popularity after it acquires the shares of Bambang Trihatmojo in PT. Bimantara Citra Tbk in 2002.
Currently the BI Group is the leader in mass media and telecommunication business through sub-holding PT Global Mediacom Tbk (formerly PT Bimantara Citra Tbk) and financial unit, PT Bhakti Capital Indonesia Tbk.
With a 52.85% stake in PT. Global Mediacom Tbk, the BI Group controls mass media including television broadcasting business operating three private TV broadcasting stations RCTI RCTI Rajawali Citra Televisi Indonesia
RCTI Recipient Created Tax Invoices (Australia)
RCTI Reserve Component Training Institution , TPI (Tracks Per Inch) The measurement of the density of the storage channels on a disk or tape. Track density on magnetic disks has reached 125,000 tpi (125 Ktpi). See bpi, areal density and magnetic disk. and Global TV. The BI Group also control a number of radio stations, newspapers and tabloids.
In a bid to strengthen its business the BI Group has also expanded its wing to telecommunications service industry. Its main unit in the telecommunications service industry is PT. Mobile-8 Telecom Tbk, which is a cellular operator using CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. (Code Division Multiple Access) technology. Currently PT. Mobile-8 with its product of Fren, is the fourth largest cellular operator in the country with 1.8 million subscribers. In 2006, Mobile-8 launched Initial Public Offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) floating its shares on the Jakarta Stock Exchange Jakarta Stock Exchange
Established in 1977, the largest securities exchange in Indonesia. .
The BI Group expanded its business to aviation industry by acquiring 50% of PT. Adam Skyconection Airlines, which operates Adam Air in April, 2007. PT Adam sold the stake as it needed fund to be ready to face liberalization of aviation in Asean in 2010.
Earlier the group already had a subsidiary operating in aviation business. The subsidiary PT. Indonesia Air Transport Indonesia Air Transport is an airline and aviation company based in Jakarta, Indonesia. It provides a wide range of aviation services to the oil, gas and mining industries within Indonesia and South-east Asia, on and offshore. (IAT IAT Intelligent Agent Technology
IAT International Conference on Intelligent Agent Technology (Joint IEEE, WIC, and ACM conference)
IAT Implicit Association Test
IAT Intake Air Temperature
IAT Import Address Table ) offers chartered aircraft.
Dominating mass media business
PT. Global Mediacom Tbk was established in 1981 with he name of PT. Bimantara Citra Tbk) by Bambang Trihatmojo, a son of former President Soeharto in cooperation with Rosano Barack and M. Tachril Sapi'ie. The down fall of the Suharto regime in 1998 brought down the business empires of his sons and daughters.
In 2002, Hary Tanoe joined as a new shareholder through PT. Bhakti Investama by acquiring a 24.49% stake from Bambang Trihatmojo. Reducing the stake of Asriland to 12.37%. In May 2007, Bhakti Investama increased its stake to 52.85%, and at the same time the name of the company was changed Global Mediacom Tbk and become a sub holding of Bhakti Investama in the mass media including broadcasting sector.
The income of Global Mediacom Tbk in 2006 rose 34% to Rp 3.23 trillion from Rp 2.41 trillion in 2005. Its net profit surged 228% to Rp 446 billion from Rp 136 billion in the previous year.
In 1997 Global Mediacom established PT. Media Nusantara Citra (MNC MNC
See: Multinational corporation ) to consolidate business in television broadcasting (RCTI, TPI and Global TV), radio (Trijaya FM, Women Radio, ARH ARH Agence Régionale de l'Hospitalisation
ARH Art History
ARH Armed Reconnaissance Helicopter
ARH Adolescent Reproductive Health
ARH Autosomal Recessive Hypercholesterolemia
ARH Appalachian Regional Hospital
ARH Appalachian Regional Healthcare, Inc. FM, Radio Dangdut), newspaper (Seputar Indonesia under PT. Media Nusantara Informasi) and tabloid (Genie under PT. MNI See Merom New Instructions. Global). Currently MNC wholly owns RCTI, Global TV, tabloid Realita and Situs Okezone.com. In 2002 MNC acquired 75% of PT. Cipta TPI with convertible bond
In 2006, the income of MNC totaled Rp 2 trillion or up 48% from the previous year including 92.48% from television advertisements--RCTI contributing Rp 1.4 trillion, TPI Rp 523 billion and Global TV Rp 253 billion.
In June 2007, MNC launched Initial Public Offering (IPO) on the Jakarta Stock Exchange (JSX JSX Jakarta Stock Exchange
JSX Java Serialization to XML
JSX Joint Stars Simulator Experimental ) floating 30% of its shares (4.125 billion units) valued at Rp 3.7 trillion.
PT. Rajawali Citra Televisi Indonesia (RCTI) was established in 1987 by the Bimantara Group of Bambang Trihatmojo, a son of the fallen dictator of Presiden Soeharto. RCTI was the first private television broadcasting station in the country coming on line in 1990.
PT. Cipta Televisi Pendidikan Indonesia (TPI) was established by Siti Hardijanti Rukmana, a daughter of Suharto. In 2002 Bimantara Citra Tbk took over a US$ 15 million debt of TPI. Bimantara also controlled shares in TPI through PT Berkat Karya Bersama, which took over the debt in the form of convertible bonds from PT Indosat Tbk valued at Rp 500 billion. With the takeover, Bimantara owned 75% of TPI with 25% retained by Siti Hardijanti Rukmana.
PT. Global Informasi Bermutu was established in 1999, and in 2004 it was taken over by Bimantara Citra Tbk. In the beginning Global TV cooperated with MTV MTV
in full Music Television
U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. station to broadcast round the clock MTV program. However, in 2005 Global TV produced its won programs and MTV programs were given only half of the broadcasting hours.
PT. MNC Skyvision, which is 51% owned by MNC, operates pay TV station with the trade mark of Indovision. Currently Indovision controls 71% of the market of pay TV with 200,000 subscribers.
Cellular telecommunications business
PT. Mobile-8 is an operator of CDMA (Code Division Multiple Access) based cellular telephone with he technology of CDMA2000 1X EV-DO. Recently three cellular subsidiaries--Metrosel, Komselindo and Telesera--were merged into Mobile-8. The performance of Mobile-8 grew fast in the past three years after it came on line. Now it has 1.83 million subscribers including 47,600 post paid subscribers and 1.7 million pre paid subscribers. Mobile-8 Telecom launched its product Fren in 2002. In international roaming Mobile-8 cooperates with 9 CDMA operators in Asia including KDDI of Japan, SKT of South Korea, China Unicom of China, etc.
In 2006, Mobile-8 went public floating 3.9 billion shares at a price of Rp 225 per unit. Around 57% of the fund from the share sales was used to finance expansion of its networks by building Base Transceiver Station Base Transceiver Station (BTS) is the equipment which facilitates the wireless communication between user equipments (UE) and the network. UEs are devices like mobile phones (handsets), WLL phones, computers with wireless internet connectivity, WiFi and WiMAX gadgets etc. (BTS) outside Java. Mobile-8 named Samsung Electronics Co. Ltd as the provider of networks. Currently the company has 440 units of BTS, 28 units of Base Station Controller and 7 units of Mobile Switching Centre.
In 2006, its capital expenditure for networks infrastructure totaled Rp 107.1 billion much smaller than Rp 477.8 billion in 2005. Its income in 2006 was valued at Rp 588 billion with net profit at Rp 35 billion.
Financial and investment business
PT. Bhakti Investama Tbk, which was established in 1989 operates as investment holding. The company constitute the embryo of the BI group now a widely diversified corporation.
Through PT. Global Transport Service, the BI Group expands business in commercial aviation by acquiring 50% of PT Adam Sky Connection, which operates Adam Air. Adam Air plans to expand operations to serve regional routes such as routes to Hong Kong. Currently it serves only flight to Malaysia and Singapore outside Indonesia. The BI Group has also expanded operation to the electronic trade through PT. Agis Elektronik and PT. Agis Multimedia.
Bhakti Investama Group Holding Company PT. Bhakti Investama Tbk Address Menara Kebon Sirih, 5th Floor Jl. Kebon Sirih No 17-19, Jakarta 10340 Phones (021) 5273870, 5273850 Fax (021) 39836868 Homepage www.bhakti.com Management President Commisioner: Mr. Hary Tanoesoedibjo President Director: Mr. Harry Djaja Number of companies 21 Financial Highlights PT. Bhakti Investama Tbk (in Rp million) Description 2005 2006 (31st Dec) (30th Sep) ASSETS a. Current Assets 5.095.527 410.819 b. Non Current Assets 5.518.488 1.600.073 Total Assets 10.614.015 2.010.892 LIABILITIES a. Current Liabilities 3.165.812 390.212 b. Non Current Liability 3.132.384 237.228 c. Equity 1.873.030 1.360.657 Total Liabilities + Equity 10.614.015 2.010.657 REVENUES a. Total Revenue 656.670 169.990 b. Net Profit 229.380 51.345
Members of the Bhakti Investama Group
1. PT. Bhakti Investama Tbk (Investment Holding)
2. PT. Bhakti Capital Indonesia Tbk (Investment)
3. PT. Bhakti Securities (Securities)
4. PT. Bhakti Finance (Financing)
5. PT. Global Mediacom Tbk (Investment)
6. PT. Media Nusantara Citra (Invesment)
7. PT. Rajawali Citra Televisi Indonesia (Television broadcasting)
8. PT. Cipta TPI (Television broadcasting)
9. PT. Global Bermutu Informasi (Television broadcasting)
10. PT. Trijaya (Radio broadcasting)
11. Women Radio (Radio broadcasting)
12. Radio Dangdut (Radio broadcasting)
13. PT. MNC Networks (Invesment)
14. PT. Global Transport Service (Invesment)
15. PT. Indonesia Air Transport (Air Charter Service)
16. PT. Agis Elektronik (Elektronic shops)
17. PT. Agis Multimedia
18. PT. Mobile-8 Telecom (Telecommunication Cellular)
19. PT. MNC Skyvision (Indovision TV cable)
20. PT. Media Nusantara Informasi (Daily newspaper publishing)
21. PT. MNC Global (Tabloid publishing)