Data And Internet Popularity Benefits Indosat


News: Indonesian mobile operator Indosat posted net income of IDR800bn (USD69mn) in Q114, compared with a net loss of IDR71.1bn (USD6.12mn) in Q113, driven by its popular data and internet services. The sale of Indosat's shares in the tower operator PT Tower Bersama Infrastructure, which generated IDR1.39trn (USD119.89mn), was a major contributor to Q114 profit. However, Indosat registered a 0.3% year-on-year (y-o-y) drop in revenue to IDR5.78trn (USD498.52mn) in Q114. The operator invested IDR1.6trn (USD138mn) in its networks and services in Q114, with a focus on network upgrade and expansion of its regional coverage and data services capability.

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Related sectors of this article: Telecoms
Geography: Indonesia