StarHub Reports 2008 Fourth Quarter and Full Year Results

SINGAPORE — The final quarter of 2008 operating revenue for StarHub (Singapore: CC3) was S$537 million and for the full year it rose 6% to S$2,128 million. The Group’s EBITDA for the quarter was S$165 million and for the full year it was S$644 million. EBITDA margin as a percentage of service revenue expanded to 32.1% for the quarter and for the full year it was 31.7%.

Pay TV revenue jumped 17% to S$398 million from S$342 million. This was driven by a larger customer base, which increased 4% YoY and higher ARPU, which at S$57 was S$6 higher from a year ago. The number of customers on the digital platform increased 24% to 504,000 households with digital customers making up 96% of the total customer base. As at end 2008, the total customer base saw a 4% increase to 524,000.

Subscribers (‘000):

                      4Q-2007  1Q-2008  2Q-2008  3Q-2008  4Q-2008
                      -------  -------  -------  -------  -------
Pay TV                    504      508      511      520      524
  of which, Digital       408      439      453      473      504
            %age          81%      87%      89%      91%      96%

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