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Key Highlights for the three months ended 31 March 2010
Jakarta, 22 April 2010. PT Indosat Tbk (“Indosat” or the “Company”) is pleased to report key highlights of its unaudited operational and financial results for the three months ended 31 March 2010. The financial statements have been prepared in accordance with Indonesian Generally Accepted Accounting Principles (GAAP).
Key Highlights for the three months ended 31 March 2010 compared to results for the three months ended 31 March 2009:
Indosat’s reporting of unaudited key highlights today coincides with the release of Qatar Telecom Q.S.C. (“Qtel”) results for the three months ended 31 March 2010. As the majority shareholder in Indosat, Qtel fully consolidates Indosat’s results in its own financial reports. Furthermore, Indosat is undertaking a limited review of its Q1 2010 results and would expect the completion and release of the reviewed results by the 10th of May 2010. An analyst and investor call will be held in the second half of May.
“We have seen continued recovery, in both operational and financial metrics in the first quarter of 2010with strong growth in revenues and customers on a year on year basis. The continued operational and financial performance of our business is a testament to the success of our balanced strategy. The Company added 5.98 million cellular customers in 1Q 2010 in spite of a seasonality dynamic which typically mutes performance in the first quarter of the year. We see this as a great start to the year for Indosat, and continue to work diligently to ensure we deliver increased value to our customers and stakeholders” said Harry Sasongko, President Director and CEO of Indosat.
*EBITDA (earnings before interest, taxes, depreciation and amortization) is a non-GAAP measure that management believes is a useful supplemental measure of cash available prior to debt service, capital expenditures and income tax. Investors are cautioned that EBITDA should not be construed as an alternative to net income determined in accordance with GAAP as an indicator of the Company’s performance or to cash flows from operations as a measure of liquidity and cash flows. EBITDA does not have a standardized meaning prescribed by GAAP. The Company’s method of calculating EBITDA may differ from the methods used by other companies and, accordingly, it may not be comparable to similarly titled measures used by other companies.
About Indosat
Indosat Tbk is a leading telecommunication and information service provider in Indonesia that provides cellular services (Mentari, Matrix and IM3), fixed telecommunication services or fixed voice (IDD 001, IDD 008 and FlatCall 01016, fixed wireless service, StarOne, and fixed line service, Indosat Phone). The company also provides Multimedia, Internet & Data Communication Services (MIDI) through its subsidiary company, Indosat Mega Media (IM2) and Lintasarta. Indosat is also the pioneer in providing postpaid and prepaid 3.5G cellular services using HSDPA technology. And the Company’s shares are listed in the Indonesia Stock Exchange (IDX:ISAT) and its American Depository Shares are listed in the New York Stock Exchange (NYSE:IIT).
For further information please contact:
Investor Relations
Tel: 62-21-3869615
Fax: 62-21-30003757
Corporate Secretary
Tel: 62-21-3869614
Fax: 62-21-30003754
Email:
investor@indosat.com
Website: www.indosat.com
Disclaimer :
This document contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of Indosat, that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law. Forward looking statements are subject to risks and uncertainties that may cause actual events and Indosat's future results to be materially different than expected or indicated by such statements. No assurance can be given that the results anticipated by Indosat, or indicated by any such forward looking statements, will be achieved.
This document is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of an offering circular that may be obtained from the Company and will contain detailed information about the Company and management, as well as financial statements. The Company does not intend to register any part of the offering in the United States.