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XL Axiata contributed more than half of Gihon Telekomunikasi's revenue

24 May 2019 13:17

JAKARTA. PT XL Axiata Tbk (EXCL) contributed more than 50% of the revenue of PT Gihon Telekomunikasi Indonesia Tbk (GHON) in the last two years.

In 2017, Rp 47.84 billion of GHON's revenue came from telecommunications tower leases from EXCL. EXCL's contribution also increased by 17.56% to Rp. 56.24 billion. During 2018, GHON's total revenue was recorded at Rp 108.7 billion. This means that the contribution of EXCL to GHON's revenue in 2017 and 2018 were 51.3% and 51.74%.

Meanwhile, the next largest contribution in 2018 came from PT Telekomunikasi Seluler (Telkomsel) (20.36%), Hutchinshon 3 (13.01%), and PT Indosat Tbk (ISAT) (11.2%).

Felix Ariodamar, Director of GHON, said that his party would strengthen relations with telecommunication tower tenants with the largest contribution to the company's revenue. He said this strategy could increase the number of tower lease, to support the company's revenue growth this year. (KR/AR)

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