Bakrie Telecom 9M operating losses wider than expected

Bakrie Telecom, the telecommunications arm of Indonesian publicly listed diversified investment company PT Bakrie and Brothers, has reported significant operating losses for the first nine months of this year, its parent confirmed in a results filing. The telco’s operating revenues stood at IDR1.7 trillion (USD177.3 million) for January-September 2012, down 9.7% from the IDR1.9 trillion reported during the same period in 2011. As a result of the lower revenues, Bakrie reported an operating loss of IDR329.5 billion in the period under review, 171% higher than the figure reported in the same period last year

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OVETEL Bakrie Telecom 9M operating losses wider than expected