Indonesia’s XL Axiata reported revenue of IDR26.77 trillion (USD1.86 billion) in FY21, up 3% from IDR26.02 trillion in the previous year, as EBITDA improved 2% to IDR13.29 trillion and net profit surged to IDR1.29 trillion from IDR372 billion. Operating expenses for the twelve months under review rose 4.0% to IDR13.47 trillion as a result of higher device costs, rising infrastructure costs related to XL’s expanding network footprint, and higher regulatory and employee costs. By the end of December 2021, the company noted that the total number of base transceiver stations (BTS) on air reached more than 162,282 (up 11.9% from end-2020), with 4G BTS increasing to 77,204, as LTE coverage increased to 458 cities/municipalities. Further, XL pointed out that so-called ‘fiberisation’ has now reached more than 50% of its BTS sites in a year in which CAPEX soared 61.2% year-on-year to IDR9.921 trillion. In FY22 the company plans to spend a further IDR9 trillion on its networks and services.
President Director & CEO of XL Axiata, Dian Siswarini, said: ‘We have spent a larger CAPEX in 2021 to improve network quality and increase [digitisation] to provide the best customer experience. Our focus is not on responding to service tariff competition, but rather on providing the best customer experience and creating value for our customers’.
Data revenue in FY21 increased by 5.4% y-o-y to IDR23.42 trillion from IDR22.21 trillion, contributing 94.4% of service revenue (FY20: 91.9%), as total data traffic rose 34.4% to 6,549PB from 4,872PB in FY20. Additionally, XL reported that it maintained monthly blended APRU at IDR36,000, as smartphone penetration reached 92% of its 57.90 million mobile subscriber base, compared to 89% of the base at end-2020.
In its full-year presentation, XL also reported that on 27 January 2022 – acting with its parent Axiata – it signed a conditional share purchase agreement to jointly acquire a 66.03% stake in Indonesian fixed broadband provider Link Net (First Media), as the next step in its path to realise ‘its vision of becoming Indonesia’s number one converged operator’. The deal is expected to close in Q3 2022.