Singapore Telecommunications (Singtel) has reported its operations in Singapore and Australia have returned an increased revenue of four per cent comapred with Q1 and EBITDA growth quarter-on-quarter of five per cent for Q2 .
However, net profit declined by one per cent to $S882 million.
The company said weaker regional currencies led to the value losses.
“The global economy is slowing and there is still much uncertainty surrounding the economies in the Euro zone. Despite headwinds, we are focused on executing our strategy to strengthen our businesses and growing new revenue streams,” SingTel Group CEO, Chua Sock Koong, said.
Koong said the company will pursue growth opportunities in the multimedia and ICT space and has long-term prospects in mobile data services, particularly in emerging markets.
In Australia, Optus reported operating revenues up by one per cent compared with Q1 and increased EBITDA values by one per cent to $559 million, while net profit for Q2 grew four per cent to $182 million.
Within the mobile space, the total service revenue rose one per cent YoY, with stable EBITDA results.
Optus said its total number of mobile customers grew by 131,000 to 9.23 million.
Optus chief exective, Paul O’Sullivan, said the total mobile revenue was at $1.51 billion, with service revenue growth of one per cent partly offset by lower equipment revenue.
He said the incoming service revenue grew at 21 per cent in Q2, supported by subscriber growth, increased SMS and voice revenue.
Optus mentioned that the launch of differentiated digital services, expansion of its suite of integrated business tools in the SMB segment and the soon-to-be roll-out of Long Term Evolution (LTE) on the Optus Open Network were factors that affected the company growth.
“Our resilience reflects our strategy of innovation and customer experience as core differentiators in this very competitive environment,” O’Sullivan said.
The company also announced its net postpaid additions of 116,000 from last quarter, exceeding its five million postpaid customer base – up four per cent from last year.
Its number of 3G customers increased to 5.96 million, a 13 per cent increase from Q1. Its total mobile customers grew by 131,000 to 9.23 million, up four per cent from a year ago.
SingTel Group’s overall mobile customer base increased 15 per cent from a year ago to reach 424 million. Its total mobile customer base grew 10 per cent from a year ago to 3.49 million, as at September 30.
Optus also said that it will soon roll-out a number of major initiatives including U900 spectrum migration programs that will enhance Optus 3G mobile coverage and performance across its major metropolitan areas.