Thailand's TrueVisions adds 33k subscribers in 2Q09

BANGKOK — Reporting its performance for the three months to June 30, 2009, True Corporation PLC (SET: True) saw both Group service revenue and EBITDA grow on a Y-on-Y basis despite the challenging economic climate.

Despite the low season period and impact from the economy, TrueVisions’ subscriber base grew 37% Y-on-Y to 1.6 million mainly on continuing mass marketing success. Service revenue declined 3% Y-on-Y to Baht 2.3 billion mainly due to the rescheduling of Academy Fantasia to Q3 whereas subscription revenues grew 3.2%.

TrueVisions – subscribers (‘000):

 4Q07   1Q08   2Q08   3Q08   4Q08   1Q09   2Q09   2006   2007
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1,039  1,111  1,179  1,312  1,469  1,580  1,613    624  1,039

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