Telecommunication and IT Sector PT Mobile-8 Telecom Tbk Mobile-8

MNCN succeeded in increasing the revenue in 2006 amounting to Rp.16 billion, increase by 45.3 compared to the revenue in 2005 amounting to Rp.11 billion. The increase of the annual revenue as such was mainly due to the increase of revenue from sponsorship program that recorded an increase of 165.4 compared to 2005. MNCN sustained operating loss of 56.5 amounting to Rp.6.5 billion compared to the year 2005 amounted to Rp.4.1 billion. The increase of such operating loss was mainly due to the increase of operational cost. In line with such operating loss in 2006 MNCN still recorded a net loss of Rp.3.8 billion, where as in 2005 it sustained loss of Rp.5.6 billion.

III. Telecommunication and IT Sector PT Mobile-8 Telecom Tbk Mobile-8

On 28 November 2006, Mobile-8 succeeded in listing its shares in the Jakarta Stock Exchange and Surabaya Stock Exchange under share code of “FREN”. The process of the Initial Shares Public Offering was made by offering 3,900,000,000 shares with an offering price of Rp.225 per share, where there was an oversubscription of seven times. The funds collected from the Initial Shares Public Offering amounted to Rp.877 billion as such shall be used as follows: i Approximately 57 for the expansion of cellular network in several areas outside Java island such as Sumatra, Kalimantan and Sulawesi and to improve the network in Java, Bali and Lombok islands; ii Approximately 43 for working capital and other general requirements. In 2006, Mobile-8 succeeded in recording an increase of revenue by 55.7 amounting to Rp.751 billion compared to the year 2005 which amounted to Rp.239 billion. 49 Laporan Tahunan 2006 PT Bhakti Investama Tbk Tinjauan Operasional Anak Perusahaan MNCN berhasil meningkatkan pendapatan tahun 2006 sebesar Rp.16 miliar, meningkat 45,3 dibandingkan pendapatan tahun 2005 sebesar Rp.11 miliar. Peningkatan pendapatan tahunan tersebut terutama disebabkan oleh peningkatan pendapatan dari program sponsorship yang mencatat kenaikan 165,4 dibandingkan tahun 2005. MNCN mengalami kerugian usaha sebesar 56,5 yaitu sebesar Rp.6,5 miliar dibandingkan tahun 2005 yaitu sebesar Rp.4,1 miliar. Peningkatan kerugian usaha tersebut terutama disebabkan oleh meningkatnya biaya operasional. Sejalan dengan kerugian usaha tersebut pada tahun 2006 MNCN masih mencatat kerugian bersih sebesar Rp.3,8 miliar, sedangkan pada tahun 2005 mengalami kerugian sebesar Rp.5,6 miliar.

III. Sektor Telekomunikasi dan IT PT Mobile-8 Telecom Tbk Mobile-8