Harry Sasongko, the CEO of Indonesia’s second largest telecoms operator by subscribers and revenues, PT Indosat, has reportedly said that his firm reached and passed the 50 million mobile subscriber barrier in the third quarter of this year – beating the group’s full-year target with three months to spare.
Although official third-quarter operational and financial information is yet to be published, TeleGeography’s GlobalComms Database notes that Indosat reported a sharp 131.6% rise in net income for the first six months of this year, driven by climbing revenues, lower costs and the impact of currency gains. The telco booked H1 profit of IDR681.9 billion (USD80.1 million) on revenue of IDR10.05 trillion, which was up 4% from IDR9.66 trillion in the first half of 2010. Indosat said costs fell 70% year-on-year from IDR1.1 trillion to IDR330.6 billion, and currency gains rose 25.1% y-o-y to IDR47.3 billion. The telco closed out June 2011 with 47.3 million mobile subscribers, up 25.1% from 37.8 million a year earlier. It also reported 506,800 wireless broadband customers, down from 751,900 in 1H10, and 350,500 fixed wireless access (FWA) subscribers (697,400).