Excelcom adds six million users in 2007

11 Jan 2008

Indonesia’s third largest mobile operator by subscribers Excelcomindo (Excelcom) added six million new users in 2007, boosting its total by 63.2% to 15.5 million lines, helped by lower pre-paid call rates and cheaper handsets. Excelcom, which is 67%-owned by Telekom Malaysia, said strong subscriber gains had pushed Q4 revenues up by more than 20% quarter-on-quarter, although it did not provide details.

Excelcom reported gross revenues of IDR3.665 trillion (USD388.4 million) in 1H 2007, up 28% year-on-year from IDR2.853 trillion in the same period of 2006, driven by a 51% rise in minutes of use (MoU) to 1.7 billion, and a 22% increase in subscriber numbers to 10.2 million. Total OPEX in the first six months of the year was IDR1.250 trillion, up 43% y-o-y, due to higher infrastructure costs and marketing expenses relating to its network expansion campaign. EBITDA in 1H07 was up 29% on the previous year. In the three months ended 30 September Excelcom’s revenue was slightly over IDR2 trillion, it said.

Indonesia, XL Axiata