Indosat Ooredoo Subscribers Reached 60.4 million
JAKARTA (sijori.id) - Indosat Ooredoo (the “Company”) today announced its nine-month performance report, ended 30 September 2020.
Despite COVID-19 challenge and economic situation, the company delivered strong financial and operational performance. Indosat Ooredoo has managed to keep the growth momentum intact with double digit growth in cellular Revenue and EBITDA.
Indosat Ooredoo recorded a solid performance for the nine months of 2020 with total revenue increasing 9.2% YoY to IDR20.6 trillion, cellular revenue increasing 12.9% YoY to IDR17 trillion, EBITDA reaching IDR8.5 trillion or increasing 17% YoY and EBITDA margin recorded 41.1%, an increase of 2.7 ppt YoY.
Cellular subscribers reached 60.4 million at the end of September 2020, an increase of 2.8% YoY with an average monthly revenue per subscriber (ARPU) of IDR 31.7 thousand from previously IDR 27.8 thousand, and data traffic grew by 54.7% YoY.
Growth in subscribers as well as ARPU strongly suggests that Indosat Ooredoo’s network investments, digital initiatives and consumer offerings are delivering favourable results. In a market where most operators are offering unlimited proposition, Indosat Ooredoo has managed to maintain growth momentum with improved network experience and value for money pricing.
President Director & CEO of Indosat Ooredoo, Ahmad Abdulaziz A. A. Al-Neama, said, “I am extremely happy to announce that Indosat Ooredoo has posted yet another quarter with strong financial and operational performance. Despite all the competitive and COVID challenges, we have maintained our growth momentum and are on track with our turnaround strategy. We stay committed to offer best in class telecommunication services to the people of Indonesia.
Amidst the current situation, we will continue to put employee health and safety as our top priority and all necessary measures have been put in place to support our employees.”
Indosat Ooredoo continues to support government initiatives to help people get through the COVID-19 pandemic, one of which is the Distance Learning program. Indosat Ooredoo along with Government of Indonesia is assisting millions of teachers and students throughout Indonesia by providing affordable & high-speed internet access. Indosat Ooredoo also has several strategic cooperation with global partners to improve digital services for customers, retail and corporate.