Aug 30, 2010

FREN & Smart eye 10 mio subscribers

Publicly listed CDMA-based operator PT Mobile-8 Telecom Tbk (FREN) and its partner PT Smart Telecom have set a rise in subscribers target from 6 million subscribers to 10 million subscribers.
Smart Telecom President Director Sutikno Widjaja said the operator has 3 million subscribers, while Mobile-8 President Director Merza Fachys has 3 million subscribers.
"By the end of this year, we estimate that our subscribers could rise to 10 million from current position of 6 million subscribers," Sutikno said.
According to him, synergies between Smart and Mobile-8 will be intensified to reach subscribers target and average revenue per users.

Disclosure: No position at the stock mentioned above.  

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