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Indosat Ooredoo revenues fall 29% to QAR 2.9 bln in H1, customer base down 22%

Monday 30 July 2018 | 09:18 CET | News
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Indosat Ooredoo's revenue for the first half-year stood at QAR 2.9 billion, down 29 percent from the same period in 2017. The new regulation requiring SIM card registrations in 2018 and a change from a "push" to a "pull" distribution strategy continued to hit performance, with a 22 percent drop the customer base by 30 June. The top line was squeezed by this development and the market trend of declining voice and SMS not offset by data revenue.

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Categories: Mobile & Wireless
Companies: Indosat / Ooredoo
Countries: Indonesia
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