Indosat reports ‘sustained growth’ as 9M revenues, profits rise

1 Nov 2021

Indonesian mobile operator Indosat Ooredoo has published its financial results for the nine months ended 30 September 2021, with revenues increasing 12.0% year-on-year to IDR23.06 trillion (USD1.6 billion) from IDR20.60 trillion, as EBITDA surged 22.7% to IDR10.39 trillion. The company reported that a combination of top-line growth and a continued focus on operational cost efficiencies helped deliver EBITDA margin growth of four percentage points on an annualised basis to 45.1%, while net profit attributable to the owners of the company reached IDR5.80 trillion in 9M21 from a loss of IDR457.50 billion in the corresponding year-earlier period.

Indosat Ooredoo reported a total of 62.3 million mobile subscriptions at end-September 2021, up 3.2% from 60.4 million y-o-y, of which the majority (60.7 million) were for pre-paid users. Pre-paid monthly ARPU in Q3 2021 declined to IDR33,800 from IDR33,900 in Q2 2021 though, as post-paid ARPU plunged to IDR68,400 from IDR77,500. Average Minutes of Usage (MOU) per customer decreased to 20.6 minutes, a 28.7% decrease compared to 9M 2020, broadly in line with ‘the industry trend of traditional voice services’.

At 30 September 2021 the company reported 125,918 base transceiver stations (BTS) on air, compared to 117,132 the previous year. Of the total, 28,795 BTS were 2G (up 2,928), 26,981 were 3G BTS (down 4,315), 70,109 were 4G BTS (up 10,140) and 33 were newly built-out 5G BTS.

Commenting, Ahmad Al-Neama, president director and CEO of Indosat Ooredoo, said: ‘In the first nine months of the year, our revenue growth trajectory continued to outperform the industry. Yet again, we delivered a strong EBITDA performance, which grew almost twice as fast as revenue. We continue to provide an outstanding network performance and digital services to our loyal customers. The growing customer trust has led to strong customer base growth over the last nine months.’

Indonesia, Indosat Ooredoo Hutchison (IOH)