Indosat Prints Revenue Of IDR 13.83 Trillion In The First Quarter Of 2024

Illustration (Photo: Doc. ANTARA)

JAKARTA PT Indosat Ooredoo Hutchison Tbk. (ISAT), recorded a positive performance in the first quarter of 2024.

By recording revenue of IDR 13.83 trillion or an increase of 15.8 percent compared to the previous year or year on year (yoy).

Meanwhile, EBITDA grew faster than revenue, reaching an increase of 22.1 percent (yoy) to Rp6.50 trillion.

Meanwhile, this brilliant financial performance has pushed the increase in EBITDA Margin Indosat to 47.0 percent and resulted in Profit for the attributable Running Period to Owners of the Main Entity, amounting to Rp1.29 trillion or, up 39.4 percent from the previous year (yoy).

President Director and Chief Executive Officer of Indosat Ooredoo Hutchison totaling Sinha's achievement in the first quarter of 2024 reflects Indosat's commitment to creating sustainable value for all stakeholders, as well as strengthening Indonesia's digital economy.

tipanya menyampaikan, pihaknya terus meningkatkan jaringan untuk memastikan konektivitas yang lancar dan memberikan pengalaman yang menyampakkan bagi pelanggan di seluruh Indonesia.

"Meanwhile, we are also increasing our operational excellence and efficiency significantly, which allows us to achieve revenue growth and continue to improve profitability," he explained in his statement, Tuesday, April 30.

At the end of the first quarter of 2024, Indosat's customer count increased 2.3 percent (yoy), reaching 100.8 million subscribers.

This growth contributed to the surge in data traffic by 14.3 percent (yoy) to 3,858 Petabytes (PB).

This improvement was conveyed in line with strategic investment in improving network infrastructure.

During the first quarter, Indosat 4G BTS increased by 20.8 percent (yoy) to 184,000.

This ensures smooth connectivity and a better customer experience for rapidly growing user bases and contributes to the APPU (User Average Income) of 13.9 percent (yoy) for mobile subscribers, which reaches IDR 37,500.

In the first quarter of 2024, Indosat experienced an increase in Outlook from Stable to Positive by international rating agency Fitch and maintained AA+(idn) credit rating.

In addition, the company also received an idAA (STAbil) rating from Pefindo.

meny menyampaikan perseroan memperkuat posisinya sebagai pelitiran teknologi di Indonesia dengan mengumumkan kolaborasi revolutionary bersama NVIDIA, sebagai NVIDIA Cloud Provider Partner pertama di dalam negeri.

Through this historic partnership, Indosat together with its subsidiary, Lintasarta, aims to democratize access to NVIDIA's leading AI platform, empowering companies across regions through the use of the best Graphic Processing Unit (GPU) technology.

"By utilizing AI's transformational power in the cloud ecosystem, Indosat is ready to accelerate Indonesia's digital economy growth by empowering an increasingly growing digital ecosystem," he explained.

Badminton conveyed that Indosat also strengthens its commitment to cybersecurity through strategic collaboration with Cisco and Mastercard.

According to him, the collaboration with Cisco affirms Indosat's readiness to provide the company with the latest cybersecurity solutions, especially small and medium enterprises (SMEs), to strengthen their digital and security resilience.

Meanwhile, the establishment of the Indosat-Mastercard Cybersecurity Center of Excellence (CoE), emphasized the company's dedication to encouraging talent development, encouraging innovation, and becoming a major collaborator in cybersecurity detection and mitigating.

How dare you convey that along with Indosat's efforts to form a digital landscape in Indonesia, the company remains solid in its commitment to promoting sustainable growth, advancing innovation, and creating sustainable value for all stakeholders.

He conveyed that his collaboration with NVIDIA marked an important moment in Indonesia's journey to become a digital nation supported by AI.

With a firm determination and the same vision to achieve success, and ready to form a technological landscape in Indonesia.

"Let us continue to innovate, collaborate, and inspire to connect and empower the Indonesian people towards a digital nation." he concluded.