Indosat CEO Alexander Rusli said after a shareholders' meeting on Thursday that the firm expected revenue growth of between 6 and 8 percent from the network modernization in several regions across the country.
"Our growth target is in line with market growth. […] With network modernization and data monetization, we believe that we can gain higher revenues from data services," he
said that he
expected Greater Jakarta, Bandung and Sukabumi (West Java), Semarang (Central Java), Yogyakarta and Surabaya (East Java), where Indosat
carried out network modernization in May, to record similar growth to Bali, where the firm carried out modernization work in the first quarter.
"Bali posted double-digit growth in revenue after the network modernization, so I believe the other regions will follow the same pattern," he
said, adding that people in those areas were now able to enjoy Internet speeds of up to 42 Mbps.
"We were quiet in the first quarter, but we will catch up in the second quarter onward with the completion of our network modernization," Alexander