SingTel mio TV subscribers up 2,000 in 2Q 2013

SINGAPORE — Singapore Telecommunications Limited (SingTel) today reported results for its first quarter (Q1 FY2014) ended June 30, 2013.

Singapore Consumer

Operating revenue was up 4.4% with growth from Mobile Communications, Fixed broadband and residential mio TV. Excluding the one-off mio TV rebates of S$4 million given in the corresponding quarter last year, operating revenue would be up 3.3%.

Home services revenue, comprising residential mio TV, Fixed broadband and voice, recorded strong growth of 9.6% in the quarter. Excluding the mio TV rebate in the same quarter last year, Home services revenue would have increased by 6%. Improved mio TV content line-up has lifted ARPU while customers with bundled services increased 11% from a year ago to 353,000 customers as at 30 June 2013. Singapore Consumer is focused on delivering superior bundled services and ensuring fast and consistent broadband connection speeds and enhanced TV viewing experience.

                                                           Quarter
                                            ----------------------     YOY
                                            30 Jun  31 Mar  30 Jun  Change
                                              2013    2013    2012       %
                                            ------  ------  ------  ------
mio TV revenue (S$'M)*                          38      36      25    53.4
Number of residential TV customers (000s)      406     404     380     6.8

* Revenue in Q1 FY2013 included one-off rebates of S$5 million.