Singapore Telecommunications Limited (SingTel) reported Q2 operating revenue for the quarter amounted to S$3.57 billion, up 11% compared with the corresponding period last year. This was achieved on the back of 10% revenue growth from the Singapore operations and a stronger Australian dollar. Some highlights:
- For SingTel, data and Internet revenue grew 13% to S$335 million, driven by higher corporate data spending and increased Internet revenues.
- Internet revenue for the quarter grew 14 percent to S$99 million as broadband subscription continued to increase.
- As at 30-June-2007, there were 438,000 broadband lines, an increase of 4.0 per cent or 17,000 lines from a quarter ago. Compared to a year ago, the increase was 66,000 lines or 18 per cent.
- Broadband market share in Singapore as of 30-June-2007 was 53.7 percent, up slightly from 53.4 per cent a quarter ago.
- SingTel's Wireless@SG service added 284,000 customers, of which 141,000 do not currently subscribe to SingNet's residential broadband service. To date, SingTel has expanded its wireless coverage to some 1,500 hotspots.
- Prepaid mobile share as at 30 June 2007 grew 2.8 percentage points to 31.7 per cent -- a significant increase in a highly competitive market.
- The number of 3G subscribers shot up by 78,000 or 17 per cent from a quarter ago to 544,000. This represented 42 per cent of SingTel's postpaid mobile base as at 30 June 2007 as compared to 37 per cent a quarter ago.
- The aggregate number of mobile subscriber for the SingTel Group reached 136.35 million as at 30 June 2007.