Indonesia's Indosat Ooredoo records 12% revenue growth

Indonesia's Indosat Ooredoo records 12% revenue growth

The telecommunications provider in Indonesia PT Indosat Tbk, doing business as Indosat Ooredoo, said that its revenue increased by 12% year-on-year to IDR 23 trillion in the nine months ended 30 September 2021.

Indonesian operator Indosat said in a press release that its cellular revenue rose by 10.3% YoY to IDR 18.8 trillion. EBITDA increased 22.7% YoY to reach IDR 10.4 trillion in the nine months of the year due to a combination of top-line growth and a continued focus on operational cost efficiencies, it said. These helped deliver EBITDA margin growth of 4.0 ppt YoY, to 45.1%.

According to the press release, during Q3 2021, Indosat Ooredoo announced the launch of commercial 5G services in Jakarta and Surabaya, following the first launch of 5G in Solo back in June 2021.

5G service is the next step in bringing world-class digital experiences to people in Indonesia, as aligned with Indosat Ooredoo’s commitment to be at the forefront of Indonesia’s 5G revolution, the release noted.

During the quarter Indosat Ooredoo also continued its 4G network coverage expansion across the country, bringing 4G/LTE services to 124 remote villages in Aceh, Sumatra, Kalimantan, and Sulawesi, said the release.

The network deployment is part of the company’s commitment to supporting the Government’s program to fulfill 4G coverage throughout Indonesia and deploying 4G/LTE service across 645 remote villages by 2022. In the nine months of 2021, Indosat Ooredoo’s total BTS reached almost 126000 with a total of more than 70000 4G BTS.

President Director and CEO of Indosat Ooredoo, Ahmad Al-Neama, said: "We launched 5G services in more cities helping to transform Indonesia into a 5G-capable nation. And we continued to bring the very best digital technologies and products to our customers in strategic partnership with some of the world’s leading technology companies. We are fully committed to supporting the Government’s agenda to turn Indonesia into a digital powerhouse in the region.”

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