Indosat Reaches IDR26.12 Trillion In Income In 2019

Indosat building in Jakarta. (Photo: Indosat)

JAKARTA - PT Indosat Tbk posted revenue of IDR 26.12 trillion in 2019. This number is up 12.87 percent compared to 2018's revenue of IDR 23.14 trillion.

President Director and CEO of Indosat Ooredoo Ahmad Al-Neama said Indosat's achievement was driven by Indosat Ooredoo's investment in increasing the coverage and performance of the 4G network.

"These steps contribute to an increase in the company's customer base and data traffic volume," he said in a written statement, quoted on Tuesday, February 25.

Indosat's cellular subscribers increased by 1.2 million subscribers to 59.3 million subscribers in 2019. Average revenue per user (ARPU) also increased, from IDR 18,700 to IDR 27,900. ARPU growth was mainly due to data traffic, which increased 71.6 percent year on year (yoy).

As a result, the cellular business recorded the highest increase in revenue, namely 14.69 percent yoy, from IDR 18.03 trillion to IDR 20.67 trillion. This business segment is also the largest contributor to Indosat's revenue, covering 79.16 percent.

In terms of operations, over the past year, Indosat managed to add 49,218 base transceiver stations (BTS). That way, by the end of 2019, Indosat operated 124,144 BTS.

Of these, 38.7 percent or as much as 48,048 were 4G BTS. "Indosat Ooredoo has successfully implemented its 4G network deployment intensively, expanding 4G population coverage from only 44 percent at the end of 2017 to almost 90 percent in 2019," said Ahmad.