Thailand - TrueVisions subscriber number reaches 569,000

Tuesday, August 14th, 2007 
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BANGKOK — True Corporation PLC (SET: TRUE) has reported Q207 revenue and EBITDA growth compared with the same period in Q206. The company’s convergence lifestyle strategy is proving successful, with more than a million households using two or more True services, 27% higher than nine months ago.

TrueVisions Q207 service revenue was 1.2% higher Q-on-Q and rose slightly (0.3%) Y-on-Y. EBITDA fell 20% Q-on-Q (due mainly to a one-time adjustment to operating expenses) but was unchanged Y-on-Y. Net profit of Bt 263 mn fell from Bt 443 mn in Q107 (with a smaller forex gain) but rose from Bt 204 mn in Q206.

TrueVisions’ subscriber numbers reached 569,000, with the business’ mass market strategy having attracted more than 228,000 customers since its launch a year ago. Other initiatives launched in 2H07 relate to English Premier League, Academy Fantasia and new channels.

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