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.