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Optus posts positive FY10 results and talks up NBN

Optus posts positive FY10 results and talks up NBN

Consumer fixed revenue hits $546 million

    SINGTEL INVESTOR DAY DOWNLOADS:
  1. Optus Overview and Strategy
  2. Mobile Business Overview
  3. Fixed Business Overview

Telco provider, Optus, announced strong market performance and high hopes for the NBN during the recent SingTel Investor Day in Sydney held by its parent company, SingTel.

The fixed business overview, presented by Optus chief financial officer, Murray King, highlighted Optus’ growth in fixed line services, with a current fixed revenue market share of 16.5 per cent and broadband subs market share of 18.3 per cent.

The telco’s on-net focus has paid off in improved margins of $546 million in consumer fixed revenue, as well as a consumer and SMB EBITDA margin of 18 per cent in March.

Optus experienced strong consumer and SMB on-Net customer growth in the last year despite strong competition, with over a million telephony customers and in excess of 950,000 broadband customers as of March.

In the corporate market, Optus is making use of the shift to IP to drive continued adoption of its IP and Ethernet based services by its corporate customers.

Optus is also broadening its business through cloud solutions, such as its fully owned ICT services arm, Alphawest, providing a range of managed services, and Optus Elevate delivering cloud based ICT services over the Optus Evolve IP network.

The telco’s leadership in satellite communication was also highlighted, with the service growing six per cent to generate $282 million in revenue.

The planned launch of the Optus 10 satellite in 2013/14 is also expected to grow that side of the business.

Optus’ plans for the future include strengthening its number two market share position in the lead up to NBN migration and accelerating growth in the cloud market, a market that is expected to grow by 24 per cent in the next two to three years.

As a key participant in the NBN, Optus foresees a progressive migration of its Hybrid Fiber-COAX customers to the NBN, commencing from 2014 and taking about four years to complete.

The telco has signed a five-year deal valued at about $200 million to provide satellite capacity and support services for the NBN commencing from July.


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Tags SMB EBITDAOptus ElevatedownloadsOptus Evolve IPNational Broadband Network (NBN)optussingtelOptus 10alphawestICT

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