JAKARTA-PT Smartfren Telecom Tbk is targeting earnings before interest, taxes, depreciation and amortization (EBITDA) to record a positive performance at the end of 2012.
Revenue was driven to increase by 70% from IDR1 trillion in 2011 to IDR1.7 trillion to quickly resolve the loss of the telecommunications listed company.
Finance Director of Smartfren Antony Susilo said per December 2011 the company still recorded a loss of IDR2.4 trillion. Meanwhile, it also still recorded a negative EBITDA of IDR1.17 trillion.
To achieve the target, Smartfren set capital expenditure at US$200 million to increase network capacity and coverage of EVDO Rev B phase two. Nearly 90% of capex is contributed by China Development Bank loan while the rest comes from corporate cash.
Smartfren's President Rodolfo Paguia Pantoja said the company this year will increase the revenues from the data sector by 65% -70% of the total revenue. Previously, the data was only contributing 50%, while voice accounted for 30% to 40% of total sales last year. (T03/aph)