Indosat

Indonesia-based Indosat Ooredoo Hutchison registered growth in mobile revenue and ARPU in Q2, but higher costs led to a decline in profit.

Moody’s Investors Service predicted the business created from a combination of Indosat Ooredoo with Hutchison 3 Indonesia would struggle to maintain market share over the next 12 months, while also being cautious on margins.

Indonesia-based Indosat Ooredoo was reportedly close to agreeing a deal to sell 4,000 towers to Digital Colony for more than $700 million, as the loss-making operator looks to raise funds for network expansion, Bloomberg reported.

Indosat Ooredoo booked continued strong growth in mobile turnover on the back of subscriber and ARPU gains, while its net loss widened year-on-year.

Indosat Ooredoo recorded double-digit mobile revenue growth in H1, as rising uptake of 4G plans boosted ARPU and subscriber numbers remained stable. Net loss, however, widened to IDR431 billion ($29.

Intense price competition in Indonesia and unequal access to spectrum resources, as the country mulls 5G opportunities, have renewed calls for mergers among the five mobile operators.

Indonesia operator Indosat Ooredoo recorded brisk revenue growth in the first quarter of 2020 on the back of ARPU and subscriber gains, but suffered a wider loss due to one-off severance charges. Net loss more than doubled year-on-year to IDR605.