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Link Net targets steady growth next year
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Wireless network: An internet user browses the web on a laptop. Publicly listed internet service provider Link Net excepts to see double-digit growth in revenue next year, on the back of the country’s increasing consumer confidence level amid ongoing economic recovery. (kompas.com/-)
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“We have been consistent with our business growth, which stands at 15 to 16 percent per year, for several years and we hope that we can see at least similar growth for next year as consumer confidence and consumer sector [growth] is increasing,” Link Net president director Irwan Djaja said on Monday at the Indonesia Stock Exchange (IDX) building.
Bank Indonesia’s (BI) consumer survey in October revealed that consumers were increasingly upbeat on economic conditions, as it found that the Consumer Confidence Index (CCI) stood at 116.8 point, a 6.8-point surge from September.
Nielsen’s Global Consumer Confidence Survey, meanwhile, found that the Indonesian CCI increased by three points to 122 in the third quarter from the previous quarter, an improvement that the global research company attributed to a positive public response to the government’s tax amnesty, controlled inflation and manageable economic growth.
Irwan said that Link Net, known for its broadband service FastNet, planned to add up to 250,000 home-passes to connect at least 2 million households through the service. Link Net, a subsidiary of the Lippo Group-affiliated multimedia firm First Media, already has 1.8 million home-passes with more than 1 million subscribers.
Home-pass is a high-speed cable network, which is connected to houses that provide home digital environment services including television and internet.
To meet customer demands of the country’s financial market news, Link Net has collaborated with IDX channel since Dec. 5 to include the channel in First Media.
As of September, the company booked revenues of Rp 2.1 trillion (US$155.4 million), a 13.7 percent increase from Rp 1.9 trillion in the same period last year. It also saw a surge in profit by 31 percent year-on year to Rp 605 billion from Rp 461 billion. (wnd/hwa)
