Jan 6, 2011

XL Axiata records 40.1 mio subscribers

Indonesia third largest cellular operator PT XL Axiata Tbk (EXCL) recorded 40.1 million subscribers at end of last year, a 27.7% growth from 31.4 million subscribers a year earlier.
XL President Director Hasnul Suhaimi said the subscribers experienced a steep increase in 4Q 2010."In the last quarter of 2010, we booked a steep jump in subscribers number, mostly in Central Java and Yogyakarta," said today.
However, the subscribers growth in 2011 is expected not as high as last year as Indonesian cellular market experiences a stagnancy, counting 90% of the total population.   
XL Axiata remains positive on subscriber growth. It is eyeing a 11%-12% growth this year, meaning 44.5 million-44.9 million subscribers. "We aim to grow above cellular industry at approximately of 10% a year," he said.
XL won't optimize voice and sms tarriffs due it had dragged down the tarriffs last year. "If we tried to put down tarriffs, services quality would be a trade-off. It would be useless," 
Hasnul said The company is focusing on data services, which is showing an uptrend this year. Data services contributed 9%-10% to the company's consolidated revenue. This is expected to reach a minimum target of 15% and 20% maximum.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: