Mobile-8: 2007 revenues nearly doubled, subscribers up 65%

25 Feb 2008

Indonesian CDMA-based mobile operator PT Mobile-8 Telecom has posted a 65% rise in subscribers in 2007, up from around 1.8 million to more than three million, and nearly doubled its revenues, reports The Jakarta Post citing a company statement. According to Mobile-8’s director and chief of corporate affairs, Merza Fachys, ‘The introduction of a new tariff and the launch of … commercial operations in new areas’ helped drive gross revenues up 81% year-on-year, in the first nine months of the year, to IDR281.2 billion (USD30.7 million), Fachys said. The operator is continuing its network expansion phase and intends to invest USD140 million in 2008, more than double the USD60 million committed last year, to deploy additional base station transceivers (BTSs) outside Java. Mobile-8 already has more than 500 BTSs nationwide, most of them in Java, the director said. ‘We have prepared sufficient funds for our capital expenditure. In 2007, we successfully raised new funds through rupiah and US dollar bond issuances, amounting to IDR675 billion and USD100 million,’ Fachys added.

Indonesia, Mobile-8 Telecom