Company was established on November 16, 1995, officially became one of the players in Internet Service Provider (ISP) under the brand name DNET. In November 21, 2000, the Company made an initial public offering of 64 million shares at Rp250 per share on Jakarta Stock Exchange.
As a public company that has a great responsibility to the shareholders, especially to provide optimal and transparent business results in operational activities, the Company strives to maintain business stability and continuity with a commitment to improving business quality. For this reason, the Company has evaluated strategy and business development plan in order to provide better added value for shareholders and to attract investor to invest in the Company.
In June 2013, the Company undertook Preemptive Rights (Rights Issue) raised Rp7 trillion or equivalent to US$705 million by offering new shares. After the issuance of these new shares, the Company took strategic interests in 3 (three) companies, namely PT Indomarco Prismatama ("Indomaret") which is engaged in retail trading, PT Fastfood Indonesia Tbk ("FAST") which developed the fast food restaurant business with the famous Kentucky Fried Chicken (KFC) brand, and PT Nippon Indosari Corpindo Tbk ("ROTI") which is engaged in the bakery industry with the famous Sari roti. The Company was also renamed PT Indoritel Makmur Internasional Tbk, also took action to divest ISP business segment.
In addition to investment in associates, in 2015 the Company investment in fiber optic network development company, PT Mega Akses Persada ("FiberStar"). FiberStar is a national infrastructure company that lays optical cables with the net neutrality concept in Indonesia. Operating since 2014, the FiberStar fiber optic network exists to meet the needs of corporate and home customers.
This investment expected the Company’s business activities will be better diversified, with these business diversifications there will be an increase in the Company’s performance so that it will increase the business value of the Company, which can increase added value for the Company’s shareholders. The Company will be focused on managing its investment in subsidiaries and associated entities, while in the medium and long term, the Company will continue to consider the possibility of profitable new investments in both the same sector and other sectors that can provide added value sustainable for shareholders in long term.