JAKARTA -- Indonesian telecommunications major Indosat Ooredoo Hutchison is developing a 4G network in the country's future capital city now under construction on the island of Borneo, its CEO told Nikkei Asia, while also seizing growth opportunities in underserved rural areas.
The government plans to start moving some key functions to Nusantara, the name of the city, from the current capital Jakarta in August 2024. The relocation, with expected construction costs of 466 trillion rupiah ($30 billion), is the pet project of President Joko Widodo. He sees it as relieving pressure on overcrowded Jakarta and also as a way to push his country into the ranks of developed nations represented by what is envisioned as a "green and smart global city."
