Smartfren Telecom: an Indonesian Telecommunication Services Provider
The company profile of Smartfren Telecom has been added to the Indonesian companies section. Smartfren Telecom (FREN), controlled by the Sinar Mas Group, is an Indonesian telecommunication services provider focused on internet services and CDMA-based cellular phone services. Indonesia's telecommunications industry is a highly competitive one which makes it difficult for the smaller companies, such as Smartfren, to survive. Fitch Ratings has repeatedly warned that the company is at risk of default.
In the third quarter of 2013, Smartfren Telecom's net loss amounted to IDR 1.5 trillion (USD $132.7 million).
Click here to view Smartfren's company profile
In January 2012, Smartfren conducted a reverse stock split with a 20:1 ratio
Smartfren Telecom's Financial Highlights:
| 2010 | 2011 | 2012 | |
| Net Revenue | 376.5 | 954.3 | 1,649.2 |
| EBITDA (loss) |
(510.3) | (1,170.6) | (542.7) |
| Net Income (loss) |
(1,401.8) | (2,399.9) | (1,562.8) |
| Income before Tax (loss) |
(1,363.8) | (2,649.5) | (1,811.6) |
| Total Assets | 4,483.6 | 12,296.6 | 14,339.8 |
| Total Liabilities | 4,603.1 | 9,027.6 | 9,355.4 |
| Earnings per Share¹² (loss) |
(38,9) | (317,7) | (28,7) |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
² numbers adjusted to 20:1 reverse stock split
Source: Smartfren Telecom, Annual Report 2012