Indonesian Telcos Q4 22 review: Sustained growth, stay positive on Mobile outlook
Indonesian telcos reported sustained ARPU growth in Q4, which drove mobile service revenue by 4.3% YoY. The series of price increases by all three, with the latest from XL bode well for Indonesian Mobile. EBITDA also improvedin Q4 which makes Indosat and XL’s FY23 margin guidance appear conservative – mid-40% and 49% EBITDA margin respectively.
PT Indosat is an Indonesian telecommunications network and service provider. Co.'s principal products and services include Cellular services in which Co. provides Global System for Mobile Communications 900 and 1800 cellular services; Fixed telecommunications services in which Co. provides international long-distance services in Indonesia; and MIDI services in which Co. provides broadband and narrowband fixed data services, including frame relay services, Very Small Aperture Terminal services, leased circuits and Internet services, through Lintasarta, PT Indosat Mega Media to corporate and retail customers and wholesalers.
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