SingTel's mio TV IPTV adds 23k subscribers in 2Q09

SINGAPORE — Singapore Telecommunications Limited (SingTel) [Singapore: SGX; Australia: ASX] announced today its first quarter’s underlying net profit rose 10 per cent to S$945 million reflecting strength in the Singapore and Australian businesses, and the return to earnings growth by the major regional mobile associates. The growth was achieved despite the negative currency translation impact.

mio TV reached a new milestone as it surpassed the 100,000 customer mark in its second year of service. As of 30 June 2009, it had 101,000 customers after adding a record 23,000 customers in the first quarter. mio TV attracted new customers with the widely popular mio Home bundled plans, broad content suite and the constant introduction of new and more exciting content services.

As at the end of June 2009, there were 134,000 customers on mio Plan and mio Home bundles.

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