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EXHIBIT 8.1
PORTFOLIO OF INDOSAT (Total: 33 companies)
FIXED TELECOMMUNICATION
1998 1999 2000 2001 2002
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1. MGTI 30.00% 30.55% 30.55% 30.55% 30.55%
2. Multi Media Asia Ind.*** 26.67% 26.67% 26.67% 26.67% 26.67%
CELLULAR
1998 1999 2000 2001 2002
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1. Satelindo 7.50% 7.50% 7.50% 74.99% 100.00%
" Direct 30.00% 57.45%
" Indirect by Bimagraha 44.99% 42.55%
2. Indosat MultiMedia Mobile (IM3) 99.94% 99.94%
3. Primasel*** 21.05% 17.33% 17.33% 17.33% 17.33%
4. Bimagraha 99.99% 99.99%
VALUE ADDED SERVICE
1998 1999 2000 2001 2002
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1. IndosatCom 95.00% 99.84% 99.92% 99.94% 99.94%
2. Aplikanusa Lintasarta 28.19% 32.64% 32.64% 32.64% 69.46%
"Artajasa 40.00% 40.00% 40.00%
"Swadharma 20.00% 20.00% 20.00% 20.00% 20.00%
3. Patrakomindo 10.00% 10.00% 10.00% 10.00% 10.00%
4. Sisindosat 95.64% 95.64% 95.64% 95.64% 96.87%
*Asitelindo*** 51.00% 51.00% 51.00% 51.00% 51.00%
*EDI Indonesia* 49.00% 49.00% 49.00% 49.00% 49.00%
- PT Akses 80.00% 80.00% 80.00%
*Sistelindo Mitralintas* 35.00% 35.00% 35.00% 35.00% 35.00%
*Graha Lintas Properti*** 35.00% 37.84% 37.84% 37.84% 37.84%
*Kalimaya*** 30.00% 30.00% 30.00% 30.00% 30.00%
*Intikom*** 46.00% 46.00% 46.00% 46.00% 46.00%
REGIONAL INTERNATIONAL
1998 1999 2000 2001 2002
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1. Camintel 49.00% 49.00% 49.00% 49.00% 49.00%
2. *USA Global Link* 19.05% 19.05% 19.05% 19.05% 19.05%
3. Acasia 16.74% 16.74% 16.74% 16.74% 16.74%
4. ATH 17.60% 17.60% 17.60% 17.60% 17.60%
5. ACPL 16.67% 16.67% 16.67% 16.67% 16.67%
6. ICO-GC 0.87% 0.87% 0.0087% 0.0087% 0.0087%
7. Intelsat 0.98% 0.83% 0.58% 0.338% 0.338%
8. Inmarsat 0.40% 0.40% 0.40% 0.397% 0.397%
9. New Sky Satellite 0.88% 0.98% 0.98% 0.74% 0.74%
MULTIMEDIA
1998 1999 2000 2001 2002
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1. Indosat Mega Media 99.50% 99.50% 99.50% 99.84% 99.84%
2. **Menara Jakarta*** 21.34% 21.34% 21.34% 21.34% 21.34%
3. **Yasawirya Indah MM** 35.00% 35.00% 35.00% 35.00% 35.00%
4. **Multimedia Nusantara** 15.00% 15.00% 15.00% 15.00% 15.00%
5. YTC 40.00% 40.00% 40.00% 40.00% 40.00%
6. Datakom Asia*** 5.00% 5.00% 5.00% 5.00% 5.00%
* Sisindosat's Subsidiaries (7 subsidiaries)
** Indosat Mega Media's Subsidiaries (3 subsidiaries)
*** In the process of liquidation
" Lintasarta's Subsidiaries (2 subsidiaries)
As of December 31, 2002