XL reports rising revenues, subscribers in 2009

15 Jan 2010

Indonesian mobile operator PT XL Axiata (formerly PT Excelcomindo Pratama) booked revenues of IDR13.8 trillion (USD1.5 billion) in full year 2009, up 13.1% compared with IDR12.2 trillion in 2008, driven by strong subscriber growth. The cellco’s subscriber base increased by 21% year-on-year to 31.4 million, of which 31.1 million are classed as ‘revenue generating’ by the company. XL notes that a small proportion of users buy a pay-as-you-go handset and stop using it after they have used the small amount of credit included with the phone.

Indonesia, XL Axiata