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First Media Overview in Indonesia
Index
1. Company Overview
PT First Media Tbk is a prominent Indonesian media and telecommunications company, primarily focused on providing pay cable television and internet services. Established in 1994, the company was initially known as Kabelvision before rebranding to First Media in 2007. It is publicly listed on the Indonesia Stock Exchange and has undergone significant ownership changes, with the Lippo Group being its primary owner until late 2019 when it began reducing its stake. By August 2021, Axiata, which operates the XL network, acquired the majority shares of First Media's subsidiary, LinkNet. The company has positioned itself as a pioneer in integrated telecommunications and multimedia services in Indonesia, offering a "TriplePlay" concept that includes subscription television, high-speed broadband internet, and data communication services.
Key Milestones:
- 1994: Establishment of the company.
- 1998: Acquisition of all assets of PT Anditirta Indonusa, marking its entry into the cable TV market.
- 2007: Rebranding from Kabelvision to PT First Media Tbk.
- 2011: Launch of the first HD channels in Indonesia and introduction of FastNet 20 Mbps internet service.
- 2021: Axiata acquires majority shares of LinkNet, a subsidiary of First Media.
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2. Services and Products Offered
First Media offers a range of integrated media services under its "TriplePlay" concept, which includes:
- FastNet: High-speed broadband internet services.
- HomeCable: Pay television services that provide a variety of channels, including HD content.
- DataComm: High-speed data communication services.
The company differentiates itself in the market through its extensive data center infrastructure and commitment to providing high-quality services. First Media has also been recognized for its customer service and innovative offerings, such as video on demand and premium call center services.
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3. Market Presence and Impact
First Media is a significant player in the Indonesian telecommunications and media industry, providing services to a large customer base. The company has been involved in various market segments, including fixed cable-based multimedia, internet services, and telephony. As of 2023, First Media's revenue has shown growth, reflecting its strong market position.
The company faces competition from other telecommunications providers in Indonesia, but its unique service offerings and customer-centric approach have helped it maintain a competitive edge. The integration with XL Axiata is expected to enhance its market presence further.
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4. Recent Developments and News
Recent developments for First Media include its integration into the XL Axiata family, which took effect on September 27, 2024. This merger aims to enhance connectivity and improve customer service. The transition will allow First Media to offer better internet services and a more comprehensive entertainment package under the XL SATU brand.
Additionally, First Media has been recognized for its quality services, being selected as one of the most recommended brands by consumers. The company continues to innovate and adapt to the changing telecommunications landscape in Indonesia.
Recent Articles:
5. Relevant Links and Resources
For further information about First Media, the following resources are available:
- First Media Official Website
- First Media Articles and Updates
- First Media Company Profile on EMIS
- First Media Management Team Analysis
This comprehensive overview provides insights into First Media's operations, market presence, and recent developments, highlighting its role in the Indonesian telecommunications and media landscape.