SingTel Group's results for the quarter ended 30 June 2008Tuesday, August 12th, 2008
SINGAPORE — Singapore Telecommunications Limited (SingTel) (Singapore: SGX; Australia: ASX) announced its unaudited results for the first quarter ended 30 June 2008.
In the first quarter, the Singapore business reported an 8.1 per cent rise in revenue to S$1.25 billion from S$1.16 billion a year ago. Margin for the Singapore business decreased 2.8 percentage points to 41.7 per cent attributable mainly to higher mobile selling expenses as well as content costs for mio TV.
Mobile Communications had another strong quarter with revenue increasing 9.7 per cent to S$347 million as the number of mobile customers surged 41 per cent in the first quarter from a year ago.
Customer base for mio TV, which started a year ago, grew nearly 2,000 to more than 45,000 at the end of 30 June 2008 from a quarter ago. Customer additions in the quarter were offset partly by the termination of inactive subscribers following the expiry of the waiver periods introduced during the initial launch period.
mio TV announced on 23 July 2008 the first-of-its-kind deal with Disney-ABC International Television, Twentieth Century Fox and Warner Bros. International Television Distribution, that makes it possible for its mio TV service to screen over 50 top US series as early as 24 hours after their US premiere.
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