Articles tagged with: Telkomsel and Smart

Indonesia's Telkomsel surges forward as rivals falter

The Indonesian market has seen phenomenal growth in recent quarters, but in Q1 09 there was a definite cooling off. The previous seven quarters had seen net additions in excess of 7m, with a peak of 14.94m in Q3 08, but in Q1 09 there was a gain of just 4.47m. This was the lowest figure since Q3 06. The total market reached 144.64m with penetration at 56.8%. Although Annual growth was still impressive at 41.0%, despite falling from 48.2% in the prior twelve-month period, but on a quarterly basis the uplift of 3.2% was the lowest for more than ten years.  more

Related Tags: hutchison, satelindo, excelcomindo, Indonesia