Singtel adds 20,000 mio TV subscribers in 2013

Thursday, February 13th, 2014
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SINGAPORE — Singapore Telecommunications Limited (SingTel) today reported results for its third quarter (Q3 FY2014) ended December 31, 2013.

The company ended 2013 with 418,000 ‘mio TV’ IPTV subscribers, up from 414,000 at the end of September 2013. SingTel had 398,000 mio TV subscribers at the end of 2012.

Home Services revenue comprising residential mio TV, fixed broadband and voice grew by 4.1%. Residential mio TV enlarged its Chinese and English content offerings with the introduction of the cHK and RTL-CBS channels. While the expanded content suite helped mio TV increased its revenue by 41%, fixed broadband revenue was dampened by promotional offers for fibre broadband services including waiver of installation charges, discounts and speed upgrades in light of the intense competitive environment. Customers on bundled triple/quad play services increased by 7.7% to 364,000 as at 31 December 2013.

Number of residential mio TV customers (000s)

        FY 2012/13     FY 2013/14
------------------  -------------
 1Q   2Q   3Q   4Q   1Q   2Q   3Q
---  ---  ---  ---  ---  ---  ---
380  391  398  404  406  414  418