Indosat Ooredoo's 9M 2020: Indosat Posts Yet Another Strong Quarter, Double Digit Growth in Cellular Revenue and EBITDA
- Total revenue increased 9.2% YoY to Rp20.6 trillion
- Cellular revenue increased 12.9% YoY to Rp17 trillion
- EBITDA of IDR 8.5 trillion, an increase of 17% YoY
- EBITDA Margin of 41.1%, an increase of 2.7 ppt YoY
- Mobile subscribers reached 60.4 million at the end of September 2020, an increase of 2.8% YoY
JAKARTA, Indonesia, Nov. 3, 2020 /PRNewswire/ -- Indosat Ooredoo (the "Company") today announced its nine-month performance report, ended 30 September 2020. Despite COVID-19 challenge and economic situation, the company delivered strong financial and operational performance. Indosat Ooredoo has managed to keep the growth momentum intact with double digit growth in cellular Revenue and EBITDA.
Indosat Ooredoo recorded a solid performance for the nine months of 2020 with total revenue increasing 9.2% YoY to IDR20.6 trillion, cellular revenue increasing 12.9% YoY to IDR17 trillion, EBITDA reaching IDR8.5 trillion or increasing 17% YoY and EBITDA margin recorded 41.1%, an increase of 2.7 ppt YoY.
Cellular subscribers reached 60.4 million at the end of September 2020, an increase of 2.8% YoY with an average monthly revenue per subscriber (ARPU) of IDR 31.7 thousand from previously IDR 27.8 thousand, and data traffic grew by 54.7% YoY.
Growth in subscribers as well as ARPU strongly suggests that Indosat Ooredoo's network investments, digital initiatives and consumer offerings are delivering favourable results. In a market where most operators are offering unlimited proposition, Indosat Ooredoo has managed to maintain growth momentum with improved network experience and value for money pricing.
President Director & CEO of Indosat Ooredoo, Ahmad Abdulaziz A. A. Al-Neama, said, "I am extremely happy to announce that Indosat Ooredoo has posted yet another quarter with strong financial and operational performance. Despite all the competitive and COVID challenges, we have maintained our growth momentum and are on track with our turnaround strategy. We stay committed to offer best in class telecommunication services to the people of Indonesia.
Amidst the current situation, we will continue to put employee health and safety as our top priority and all necessary measures have been put in place to support our employees."
Indosat Ooredoo continues to support government initiatives to help people get through the COVID-19 pandemic, one of which is the Distance Learning program. Indosat Ooredoo along with Government of Indonesia is assisting millions of teachers and students throughout Indonesia by providing affordable & high-speed internet access. Indosat Ooredoo also has several strategic cooperation with global partners to improve digital services for customers, retail and corporate.
About Indosat Ooredoo
Indosat Ooredoo (IDX:ISAT), member of Ooredoo Group, is building Indonesia's leading digital telco, enabling access and greater connectivity for everybody and every business. Indosat Ooredoo aspires to enrich the lives of Indonesians in the digital world.
The Company reported 60.4 million mobile customers as of 9M 2020 and operates 59,969 4G BTS covers nearly 90% of population. For other information about Indosat Ooredoo, please contact:
Ooredoo is an international communications company operating across the Middle East, North Africa and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers the leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks. Ooredoo generated revenues of QAR 30 billion as of 31 December 2019. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.
This document may contain certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of Indosat Ooredoo, that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law. Forward-looking statements are subject to risks and uncertainties that may cause actual events and Indosat Ooredoo's future results to be materially different than expected or indicated by such statements. No assurance can be given that the results anticipated by Indosat Ooredoo, or indicated by any such forward-looking statements, will be achieved.
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