TrueVisions of Thailand adds 31k subscribers in 3Q09

Monday, November 16th, 2009
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BANGKOK — Reporting its performance for the three months to September 30, 2009, True Corporation PLC (SET: True) saw recovery from seasonal lows in Q2 with Group service revenue and EBITDA growing further.

TrueVisions saw subscriber numbers rise 25.3% from a year ago to 1.64 million while the beginning of the new Premier League (PL) season helped boost premium subscribers following seasonal lows in Q2. The proportion of mass market subscribers upgrading to higher packages (upselling) grew to 36.8% from 26.3% the year before. Service revenue increased 4.2% Q-on-Q to Baht 2.3 billion.

TrueVisions:

              2Q08   3Q08   4Q08   1Q09   2Q09   3Q09
             -----  -----  -----  -----  -----  -----
Subscribers  1,179  1,312  1,469  1,580  1,613  1,644
Net adds        68    133    157    111     33     31

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