90% of subscribers now on XL’s 4G network

25 Aug 2022

XL Axiata booked revenue of IDR14.075 trillion (USD947.6 million) in 1H22, up 9% from IDR12.974 trillion in the corresponding period of 2021, as pre-tax profit eased to IDR728.1 billion from IDR842.3 billion, although EBITDA increased 4% to IDR6.730 trillion. However, total comprehensive income attributable to the owners of the parent company fell to IDR615.0 billion from IDR716.0 billion. Further, operating expenses increased by 13% y-o-y to IDR7.34 trillion from IDR6.49 trillion impacted by a number of things such as marketing and sales costs, and costs related to BHP taxes (regulatory charges).

At 30 June 2022 XL Axiata reported a total of 57.23 million mobile subscriptions, of which 55.8 million were pre-paid, while 4G subscriptions reached 90.9% of the total, up 6% y-o-y. Monthly blended ARPU stood at IDR39,000, up from IDR36,000 quarter-on-quarter, aided by a rise in data revenues. In the first half of 2022, XL Axiata achieved data and digital service revenues of IDR12.87 trillion, up 9% on an annualised basis.

Furthermore, XL Axiata reported a total of more than 144,000 base transceiver stations (BTS), including 88,447 4G BTS (up 39% y-o-y). XL is migrating its users from 3G to 4G and by the start of July 2022 had shut down 92% of its 3G network – leaving only 4,221 BTS – with the aim of shutting the remainder by end-2022. To finance network development and boost revenue growth, XL committed CAPEX of IDR6.8 trillion in the first half of 2022, up 37% y-o-y.

Indonesia, XL Axiata