Moody's: Indosat unchanged

Moody's Investors Service said that PT Indosat Tbk.'s results for 2011 came in slightly weaker than expected but remain within the parameters of Moody's Ba1 rating.

The outlook remains stable.

Moody's said that in 2011, Indosat saw revenue growth of 4% year over year, which was lower than expected and lower in comparison to its domestic peers. Revenue growth was weakened by price competition in the voice and SMS segments, and which was not adequately compensated by growth in data revenue.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.