Indosat Ooredoo Reports Revenue Growth of 8% for Q1 2020 Year-on-Year
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President Director and CEO Indosat Ooredoo, Ahmad Al-Neama, said, “Building on the growth momentum from 2019, Indosat Ooredoo has delivered a strong performance in Q1’20. We are on track with our 3 years’ turnaround plan and see positive momentum continuing in the coming quarters. We all are facing unprecedented challenges and Indosat Ooredoo has been taking proactive & progressive steps to ensure that we support our employees, customers, and community in this challenging situation. We were amongst the first to implement virtual ways of working for our employees to ensure their health and safety. We have accelerated our network rollout plan to make sure that people can stay connected during these times. Steps have been taken to support business continuity for enterprise customer and Indosat Ooredoo continues to support government initiatives in these tough times. Indosat Ooredoo remains committed to accelerating Indonesia’ digital economy agenda and will continue to support to navigate our country through this pandemic.”
Revenues of IDR6,523.1 billion were recorded for 1Q 2020, an increase of IDR476.9 billion or 7.9% higher compared to 1Q 2019. Indosat Ooredoo’s Cellular, MIDI, and Fixed Telecommunication business each contributed 82%, 15%, and 3% respectively to the consolidated operating revenues for the period ended 31 March 2020. Indosat Ooredoo recorded net loss of IDR605.6 billion, increased by IDR313.1 billion over net loss recorded in 1Q 2019 primarily driven by one-off impact of organization rightsizing and loss on foreign exchange.
The Company operated 133,186 BTSs as of 31 March 2020, adding 51,680 BTSs compared to last year. To date, the Company has operated 52,174 4G BTS.
Questions & Answers
Q.What were Indosat Ooredoo's total revenues for the first quarter of 2020?
What were Indosat Ooredoo's total revenues for the first quarter of 2020?
Total revenues for 1Q 2020 were IDR6,523.1 billion. This represents an increase of IDR476.9 billion or 7.9% compared to the first quarter of 2019.
Q.Which business segments contributed most to Indosat Ooredoo's operating revenues?
Which business segments contributed most to Indosat Ooredoo's operating revenues?
The Cellular business contributed 82% to consolidated operating revenues. MIDI and Fixed Telecommunication businesses contributed 15% and 3% respectively for the period ending 31 March 2020.
Q.Why did Indosat Ooredoo report an increased net loss in Q1 2020?
Why did Indosat Ooredoo report an increased net loss in Q1 2020?
The company reported a net loss of IDR605.6 billion, an increase of IDR313.1 billion over 1Q 2019. This was primarily due to a one-off impact from organisation rightsizing and loss on foreign exchange.
Q.How many BTSs did Indosat Ooredoo operate as of 31 March 2020, and how many are 4G?
How many BTSs did Indosat Ooredoo operate as of 31 March 2020, and how many are 4G?
As of 31 March 2020, Indosat Ooredoo operated 133,186 BTSs, an addition of 51,680 compared to the previous year. Of these, 52,174 are 4G BTSs.
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