May 30, 2023

EXEO Group and JICT Decide Additional Support for Indoor
Communications Infrastructure Sharing Business in Indonesia
Fund Corporation for the Overseas Development of Japan‘s ICT and Postal Services(hereinafter, “JICT”) (headquartered in: Chiyoda-ku, Tokyo; President & CEO: Amane Oshima)
has decided to provide additional support through a special-purpose company (SPC) to dhost
Telekomunikasi Nusantara (hereinafter, “dhost”), a local subsidiary of EXEO Group, Inc.
(hereinafter, “EXEO Group”) (headquartered in Shibuya-ku, Tokyo; President: Tetsuya Funabashi).
dhost is engaged in indoor communications infrastructure sharing business* in Indonesia. The
Minister for Internal Affairs and Communications today approved JICT’s additional financial
support to dhost through the SPC of the equivalent of up to approximately 2.1 billion yen.
dhost is earning high praise among telecommunications carriers in Indonesia for theaccumulated expertise of EXEO Group that it applies in the construction, maintenance andoperation of advanced communications infrastructure. As its population grows, Indonesia’s data
traffic is growing by leaps and bounds. However, the improvement of indoor communications
infrastructure in offices, shopping malls and the like is inadequate and there are growing calls formore responsive communications environment. As telecommunications carriers concentrate
management resources in growth areas such as 5G, they are restraining other investment andsharing indoor communications infrastructure with other carriers, in a bid to expand their service
areas more efficiently. As a result, the indoor communications infrastructure sharing business isexpanding in Indonesia, as it is in many other countries . To support dhost’s business expansion
there, in January 2021 JICT decided to provide support worth approximately 2.2 billion yen
through the SPC. Following that decision, JICT has also provided dhost with continuous support,
including advice on organization and finance and lateral support using intergovernmental
channels.
With this additional financing, JICT is providing dhost with funds for further businessgrowth and supporting its efforts to become the top provider in indoor communications
infrastructure sharing in Indonesia. Going forward, dhost expects to become a leader in Asianmarkets by expanding its business model within Southeast Asia. Moreover, based on the 4G
communications equipment implemented on this project, dhost envisions deploying Japan’sopen, secure 5G technology in Indonesia. This implementation is expected to contribute to thegrowth of the Japanese economy.
Through a wide range of projects, JICT will continue to support the overseas businessdevelopment of Japanese business operators in communications, broadcasting and postalservices.
* Indoor communications infrastructure sharing business: A business to build indoor antenna equipment, etc. in
facilities with high telecommunication-traffic needs, on behalf of telecommunications carriers, and to provide said
equipment to multiple telecommunications carriers together with operation and maintenance services.

Outline of JICT’s financing support
1. Business overview: Indoor communications infrastructure sharing business
2. Country: Indonesia
3. Approved amount of support to be supplied by JICT: Equivalent of up to approximately
2.1 billion yen
4. Co-investor in Japan: A Group subsidiary of EXEO Group, Inc.
5. Estimated timing of execution: May 2023

Business Model
Communications
carriers

Site owners

Cash flow

Equipment userfees

Installation fees
Shopping-mallowners

IDRIDRHospitals

dhost
Provided value

Equipment
leasing andmaintenanceHotel owners

Locations forinstallation

Apartmentcomplexes(managementassociations)etc.

Investment Scheme
EXEO Group, Inc.

JICTEXEO GLOBAL(overseas business HQ)

SPC

dhost

Note: This investment scheme is partially simplified.

(Contact)

Management Strategy Division, Fund Corporation for the Overseas Development ofJapan’s ICT and Postal Services
Tel: 03-5501-0092
Public Relations Unit, Corporate Communications Office, EXEO Group, Inc.
TEL：03-5778-1075 E-mail：contact@en2.exeo.co.jp