KUALA LUMPUR (Yosefardi) – PT XL Axiata Tbk (EXCL) started the year cautiously, holding market position and maintaining topline growth YoY.
Stable growth was seen in revenue, albeit at a slower runrate than experienced in the previous year. Revenue was up 2% YoY to IDR5.05 trillion in the first quarter (Q1) of 2013, led by growth in data at 16%.
The adoption of data continued to be strong with YoY pickup in data traffic of 40%. With data subscribers at 29.1 million subscribers, or close to 60% of the total base, XL saw higher data revenue contribution of 22% compared to 19% a year ago.
Data coverage expansion will be further strengthened with another tranche of 5 MHz, which was successfully secured by XL in the quarter, bringing the total to 15MHz in the 2100 MHz band for 3G services.