Jakarta limits Qtel In Indosat ownership to 65%:
Indonesia’s Ministry for Communications today announced it intends to limit Qatar Telecom’s (Qtel’s) ownership of the country’s second largest telecoms group Indosat to 65%. The decision comes, writes Reuters, as Qtel prepares to conduct a tender offer for the rest of Indosat's shares after increasing its control over the Indonesian company to 40.8% earlier this year in a USD1.35-billion deal.
DiGi revenues up 10%, profit down 1% on marketing spend:
Malaysian cellco DiGi has reported that its third-quarter net profit fell by 1% year-on-year to MYR269.9 million (USD74.9 million) on higher advertising spending. During the three months ending 30 September 2008, the country’s third largest mobile operator said that revenues rose nearly 10% y-o-y to MYR1.22 billion, while the EBITDA margin fell to 45.6%, against 47.9% in the same period last year, due to pressure from higher traffic and network operating costs. The company added 166,000 net new customers during the quarter, comprising 126,000 new post-paid and 40,000 pre-paid users. At end-September it had 5.83 million pre-paid customers and 976,000 contract subscribers; a total of 6.8 million. CEO Johan Dennelind said in a statement, ‘We believe that over time, higher voice and advanced data usage will lead to continued revenue growth…We also see opportunities to further generate revenues in the medium to long-term with the newly-introduced mobile number portability and the impending launch of our 3G mobile broadband offerings in early 2009.’ DiGi Telecommunications is wholly owned by holding company DiGi.Com, which is itself 49% owned by Norway’s Telenor.
Malaysian cellco DiGi has reported that its third-quarter net profit fell by 1% year-on-year to MYR269.9 million (USD74.9 million) on higher advertising spending. During the three months ending 30 September 2008, the country’s third largest mobile operator said that revenues rose nearly 10% y-o-y to MYR1.22 billion, while the EBITDA margin fell to 45.6%, against 47.9% in the same period last year, due to pressure from higher traffic and network operating costs. The company added 166,000 net new customers during the quarter, comprising 126,000 new post-paid and 40,000 pre-paid users. At end-September it had 5.83 million pre-paid customers and 976,000 contract subscribers; a total of 6.8 million. CEO Johan Dennelind said in a statement, ‘We believe that over time, higher voice and advanced data usage will lead to continued revenue growth…We also see opportunities to further generate revenues in the medium to long-term with the newly-introduced mobile number portability and the impending launch of our 3G mobile broadband offerings in early 2009.’ DiGi Telecommunications is wholly owned by holding company DiGi.Com, which is itself 49% owned by Norway’s Telenor.
(Business Strategic)
Following the nationwide launch of mobile number portability (MNP), Malaysian cellco DiGi Telecommunications (DiGi) has revealed plans to leverage the service to increase its subscriber base. According to The Star Online, DiGi intends to absorb the cost for any customer switching to its service, despite the regulations allowing operators to charge up to MYR25 (USD7.16) to change provider while retaining mobile number. The move comes as the operator looks to increase its overall market share, placing a specific emphasis on the post-paid market. According to TeleGeography’s GlobalComms database, DiGi had 26.4% market share at the end of June 2008, and DiGi CEO Johan Dennelind noted, ‘With less than 20% of the post-paid market share, MNP allows us to further tap into the space dominated by high usage users who care about their bills.’ In an effort to further drive subscriber uptake, the cellco has also announced the launch of its new ‘1 Low Flat Rate’ tariff, which offers a single flat-rate to all networks across pre- and post-paid and business numbers.
Following the nationwide launch of mobile number portability (MNP), Malaysian cellco DiGi Telecommunications (DiGi) has revealed plans to leverage the service to increase its subscriber base. According to The Star Online, DiGi intends to absorb the cost for any customer switching to its service, despite the regulations allowing operators to charge up to MYR25 (USD7.16) to change provider while retaining mobile number. The move comes as the operator looks to increase its overall market share, placing a specific emphasis on the post-paid market. According to TeleGeography’s GlobalComms database, DiGi had 26.4% market share at the end of June 2008, and DiGi CEO Johan Dennelind noted, ‘With less than 20% of the post-paid market share, MNP allows us to further tap into the space dominated by high usage users who care about their bills.’ In an effort to further drive subscriber uptake, the cellco has also announced the launch of its new ‘1 Low Flat Rate’ tariff, which offers a single flat-rate to all networks across pre- and post-paid and business numbers.
Mobily profits beat forecasts:
Saudi Arabian cellular operator Mobily has reported a 73.3% rise in profits for the three months to the end of September 2008, beating analyst forecasts. Mobily saw third quarter net profits of SAR539 million (USD143.7 million), up from SAR311 million in the same period last year. Reuters says averages of analyst predictions had put profits at SAR492 million.
Indosat's 9Month 2008 net income up 1.9%, but Q3 profit falls sharply:
Indonesia's second largest fixed line and mobile operator Indosat today reported a 1.9% year-on-year rise in its nine-month net income to IDR1.47 trillion (USD149.8 million). Reuters reports a company filing which shows the firm’s revenues in the period under review increased by 14.9% on 9M07 to IDR13.65 trillion driven by strong demand for the operator’s internet and data services. On a less positive note, the operator posted a 30.5% fall in its third-quarter net profit on higher operating expenses and declining ARPU from mobile users. According to Reuters' calculations, Indosat's net profit dropped to IDR417 billion in the three months to 30 September, compared with IDR600 billion in 3Q07.
Indonesia's second largest fixed line and mobile operator Indosat today reported a 1.9% year-on-year rise in its nine-month net income to IDR1.47 trillion (USD149.8 million). Reuters reports a company filing which shows the firm’s revenues in the period under review increased by 14.9% on 9M07 to IDR13.65 trillion driven by strong demand for the operator’s internet and data services. On a less positive note, the operator posted a 30.5% fall in its third-quarter net profit on higher operating expenses and declining ARPU from mobile users. According to Reuters' calculations, Indosat's net profit dropped to IDR417 billion in the three months to 30 September, compared with IDR600 billion in 3Q07.
No comments:
Post a Comment