Jan 22, 2011

Indosat FY10 revenue rises 12%

Indonesia's second largest cellular operator PT Indosat Tbk (ISAT) estimated to post a 12% revenue increase to Rp20.6 trillion last year from Rp18.39 trillion a year earlier. The increase was mainly contributed growth in cellular subscribers.
"Indosat's subscribers reached 33 million in 2009, while we could add another 17 million subscribers last year," said Indosat President Director Harry Sasongko.
But, he declined to further explain about the revenue last year. Indosat, subsidiary of Qatar Telecom, is eyeing a 11% growth in subscribers this year.

Disclosure: No position at the stock mentioned above.

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