May 30, 2023 Approval of JICT’s Decision on Project Support (Support for expansion of indoor carrier-neutral hosting project in Indonesia (additional support))

The Minister for Internal Affairs and Communications has today approved the application submitted by the Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services (headed by OSHIMA Amane, President & CEO) for the approval of the decision to provide support for the expansion of the indoor carrier-neutral hosting project in Indonesia (additional support).

1. Background

The Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services (hereafter referred to as “JICT”) applied to the Minister for Internal Affairs and Communications for additional governmental support for the indoor carrier-neutral hosting project (hereafter referred to as the “project”) in Indonesia. This application was filed under the provisions of Article 25, Paragraph 2 of the Act on the Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services (Act No. 35 of 2015).
In response to the application, the Ministry of Internal Affairs and Communications (MIC) examined the businesses and contents of the project subject to support according to MIC’s Support Standards for the Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services (MIC Notice No. 412 of 2015). As a result, it has been recognized that the project meets the support standards. Accordingly, the Minister for Internal Affairs and Communications has today approved the application as requested.

2. Target project

JICT and a subsidiary of EXEO Group, Inc.’s corporate group will provide up to approximately 2.1 billion yen* in additional support for expanding the indoor carrier-neutral hosting project in Indonesia. This support is in addition to the support approved on January 18, 2021.
*Converted at 100 yen to the Singapore dollar.
This additional support will further expand the indoor carrier-neutral hosting project, which provides services to multiple telecommunications carriers by procuring equipment from local mobile carriers and further develops indoor antenna facilities, along with operating and maintaining such facilities. The details of the business are shown in the attachment (PDF).

[Overview]
■ Target project: Support for expansion of indoor carrier-neutral hosting project (additional support)
■ Target area: Republic of Indonesia
■ Decided amount for JICT support: Up to approximately 2.1 billion yen
■ Co-investor: Subsidiary of EXEO Group, Inc.’s corporate group
*The published material is in Japanese only.