SoftBank Corp. and Lippo Group's Link Net sign agreement to collaborate on ‘Internet of Things’ (IoT) solutions

July 5, 2018

SoftBank Corp. ("SoftBank") and Lippo Group's PT Link Net Tbk. ("Link Net") today announced that the two parties signed an agreement on development and deployment of ‘Internet of Things’ (IoT), its platform and solutions across the real estate, healthcare and mobility ecosystems in Indonesia, including most importantly at Lippo's mega-development Meikarta City, Lippo Malls, & Siloam Hospitals.

A signing ceremony was taken place at the Aryaduta Hotel in Jakarta on 29 June 2018. The sign was done by Marlo Budiman, Chief Executive Officer of Link Net, Lippo Group's leading high-speed broadband internet provider, and Hidebumi Kitahara, Vice President Global Business Strategy Division of SoftBank Corp.

Hidebumi Kitahara commented: “The global mobile industry is now entering the 5G era, with IoT becoming the central focal point of innovation. This partnership with Link Net shows our strong commitment to further boost technology innovation in the global market and further advance the ICT development in the country.”

Marlo Budiman commented: “We are pleased to collaborate with SoftBank in initiatives that will at the initial phase, involve the deployment of IoT devices coupled with video analytics involving homes, commercial buildings, malls, offices, streets and other areas in our various property Developments. These Technology initiatives are consistent and in line to make Indonesia as the ASEAN's largest digital economy.”

About Link Net — First Media

Link Net, established in 1996, is the largest provider of services via cable in Indonesia, providing subscription of high quality television services, high-speed next generation broadband internet, and data communications under the brand “First Media”.

Link Net owns and operates a network of Hybrid Fiber Coaxial cable ("HFC") and Fiber-to-the Home (FTTH) that provide high-speed internet access services to retail and business customers. Link Net also operates a subscription television channel in collaboration with PT First Media Television (“FMTV”), its subsidiary.