Wireless Federation » archive for 'PT Excelcomindo Pratama'
PT Excelcomindo Pratama plans to offer 10-15% share capital to public (Indonesia)PT Excelcomindo Pratama, the Indonesian mobile operator, is planning to offer 10-15 percent of its share capital to the public through a secondary offering by 2009.
According to Hasnul Suhaimi, president director of PT Excelcomindo Pratama, Malaysian mobile phone firm TM International’s stake will be sold in the secondary offering.
XL H1′08 profit grew to USD69.25 million, doubling the subscriber base (Indonesia)PT Excelcomindo Pratama (XL), Indonesia’s third largest mobile operator by subscribers, reported that its net profit for the first six months of this year grew 15-fold on the corresponding period of 2007, driven by a doubling of its subscriber base and foreign exchange gains. XL posted net profit of IDR631.3 billion (USD69.25 million) for the January-June period, against IDR41.04 billion a year ago, while its revenue climbed 59% to IDR5.84 trillion. The operator, whose main shareholders are Telekom Malaysia (83.79%) and Emirates Telecommunications (close to 16%), said its customer base leapt 124% year-on-year to 22.9 million by 30 June, although it said increased competition was exerting a squeeze on profit margins.
