The Company manages its technology business through PT DSST Mas Gemilang (formerly PT DSSA Mas Sejahtera), among others, PT Innovate Mas Indonesia, PT Eka Mas Republik, and Golden Multimedia Holdings Pte. Ltd. Included in this technology business are multimedia business activities which are mainly managed through PT Innovate Mas Indonesia and PT Eka Mas Republik, by using MyRepublic brand. The Company also makes other investments in several technology companies.
MyRepublic started operating in Indonesia in 2015 as an unlimited high-speed fiber internet company using the latest in optical cable technology. Since then, MyRepublic has become one of the fastest growing home and business internet service providers in the country to support growing demand for services like digital conference-calling, next-gen e-commerce, video streaming, and high-resolution online gaming.
As of December 31, 2022, the multimedia business had installed 1,739,635 home-passes and had acquired 304,410 subscribers. The number of home-passes and subscribers had increased compared to 2021 which was 1,129,237 home-passes and 216,508 subscribers.
The number of home-passes and subscribers in 2022 managed to achieve the Company’s target of 1,471,237 home-passes and 301,489 subscribers.
The Company, through its subsidiaries, has made various investments in the technology business. One of the investments made by the Company through its subsidiary in 2022 was an investment in PT Elang Andalan Nusantara, a company that holds the digital wallet business DANA in Indonesia. This investment is expected to support the Company’s strategic plan to develop digital ecosystems and provide added value to the Company.
As of December 31, 2022, the Company’s multimedia services were available in 18 (eighteen) major cities, namely Jakarta, Bogor, Depok, Tangerang, Bekasi, Cibubur, Bandung, Semarang, Surabaya, Malang, Cilegon, Serang, Palembang, Medan, Pekanbaru, Lampung, Makassar, and Bali. With as many as 304,410 subscribers, the Company’s market share in the multimedia business in Indonesia was around 2-3% in 2022. [GRI 2-6-b]
MyRepublic’s steady focus on innovation and digital transformation will equate to all customer service activities being carried out digitally. From subscribing through their website, to asking questions about products, to submitting service requests, customers can get responses online with solutions delivered quickly and practically.