Indosat Ooredoo Hutchison (IDX: ISAT), a prominent telecommunication player, has reported a significant financial uplift in its nine-month performance for the year 2023, showcasing robust growth in revenues and EBITDA.
Within the first nine months of 2023, Indosat logged a remarkable 8.5% Year-on-Year increase in total revenues, amounting to IDR 37.4 trillion. This surge was mainly driven by diverse business sectors including Cellular, MIDI, and Fixed Telecom.
Revenue and Profit Boost
Indosat’s diligent focus on revenue growth and cost optimization led to a substantial 24.0% Year-on-Year rise in EBITDA, reaching IDR 17.4 trillion, and achieving an EBITDA margin of 46.6%.
Record-Breaking Profit Streak
Underpinning its strong financial health, Indosat recorded an 11-quarter consecutive net profit, with the latest being IDR 2.7 trillion.
Expanding Digital Horizons
Indosat is enhancing its 4G network across the Nusa Tenggara region in Eastern Indonesia, reaching over 80% of the population and doubling mobile internet capacity compared to last year.
Partnerships for Digital Literacy
Key collaborations with the International Telecommunication Union (ITU), Digital Transformation Centres Initiative (DTCI), and Cisco are set to bolster digital literacy and skills, especially in remote and underserved areas.
Sustainability and Social Responsibility
The company is intensifying its Environmental, Social, and Governance (ESG) efforts, including solar panel installations, efficient batteries, sleep cell modes in BTS networks, and gender and digital equality initiatives through IDCamp and SheHacks.
Indosat’s progressive journey from a traditional telecom to a tech-driven company signifies not only a paradigm shift in Indonesia’s digital landscape but also offers enhanced connectivity and digital services for Singaporeans and international visitors. This aligns with Indosat’s commitment to driving Southeast Asia’s digital transformation journey.
Indosat Ooredoo Hutchison’s impressive 2023 financials reveal a company on the rise, with an increased focus on expanding digital services, partnerships for empowering digital literacy, and strong ESG commitments. These advances hold significant implications for improved digital experiences for Singaporeans and global tourists alike, marking a pivotal moment in Indonesia’s tech evolution.
