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Mobile phone operator PT Mobile-8 has announced an increase
of 14 percent in its unaudited net profit to Rp 16.9 billion (US$1.8
million) in the first quarter on the back of an increased subscriber
base.
The number of Mobile-8 subscribers surged by 101.1 percent to 2.02
million in the January-March period from 1 million in the same period
last year, a media statement from the company said Wednesday.
The sharp increase in the number of subscribers resulted in a rise in
gross revenue of 78.9 percent to Rp 229 billion from Rp 128 billion in
the same period last year.
The statement added that prepaid customers accounted for 91 percent of
the revenue.
Meanwhile, the company's net revenue increased by 93.3 percent to Rp
183.9 billion
"We remain on track for our 2007 financial targets and our plan to
expand network coverage to outside Java, including to Sumatra,
Kalimantan and Sulawesi, starting June," Mobile-8 president director
Hidajat Tjandradjaja said.
Besides its domestic operation, the code division multiple access
(CDMA)-based cellular operator has forged links with 12 international
operators, including Telstra of Australia and DTAC of Thailand, for the
provision of international texting services.
Operating under the trade name Fren, the company plans to increase its
subscriber base to around 4 million customers this year and 6.9 million
customers by the end of 2008.
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