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Jakarta Post

Indosat reports solid revenue growth in first nine months 2019

  • News Desk

    The Jakarta Post

Jakarta   /   Thu, November 7, 2019   /   04:15 pm
Indosat reports solid revenue growth in first nine months 2019 A technician carries out maintenance work at a mobile tower in Jakarta. Indosat Ooredoo reported a 14.5 percent increase in revenue from its cellular business during the first nine months of this year. (JP/Ricky Yudhistira)

Indosat Ooredoo, one of Indonesia’s major telecommunication providers, has booked a significant increase in revenue from its cellular business during the first nine months of this year due to increased data traffic.

Indosat reported Thursday that it booked Rp 15.1 trillion (US$107.85 millio) in revenue from its cellular business during the first nine months of this year, a 14.5 percent increase year-on-year (YoY). This was thanks to a sharp increase in data traffic, which grew by 71.7 percent YoY during the Jan-Sept period.

The company’s total revenue rose by 12.4 percent YoY to Rp 18.9 trillion during the Jan-Sept period, contributing to a 40.7 percent YoY increase in its earnings before interest, tax, depreciation and amortization (EBITDA) to Rp 7.2 trillion during the same period.

Indosat’s capital expenditures also increased by 76.7 percent YoY to Rp 8.6 trillion during the Jan-Sept period as the company allocated more money to expand its network. During the same period, the total number of subscribers reached 58.8 million, an increase of 2.1 million from the figure recorded in the second quarter.

Indosat Ooredoo, the Indonesian unit of Qatar’s Ooredoo Group, is building more infrastructure networks to improve its mobile services. The company has 29,000 4G mobile towers which cover 83.5 percent of the country’s population.