Optus Boom: 9m Mobile Users, Net Profit + 4%

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One day after beating rivals Telstra to NBN pricing – Optus have more reason to celebrate – net profit are up 4% and added more than 130K new customers to the network. Operating revenue was up 1 percent while earnings also jumped 1% to $559m.

20111110111324b602e 300x300 Optus Boom: 9m Mobile Users, Net Profit + 4%
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The Aussie mobile sector was subject to “intense competition,” it said, but despite this grew its customer base by 131,000 for July – September period, meaning telco No.2 now has 9.23 million customers.

In total, Optus now has 4.22m user on prepaid, 5m postpaid mobile users, 5.96m 3G customers and 1.46 million wireless broadband customers.

The SingTel owned telco also increased on-net broadband customers to almost 1 million (972,000) – a jump of 4 per cent  – from same period 2010.

Read Optus Pips Telstra In NBN Price Race

This major mobile boost helped push total mobile revenue to A$1.51bn, with incoming service revenue strong, recording 21% growth this quarter due to “subscriber growth, increased SMS and voice revenue,” Optus said today in a statement.

Average revenue per subscriber dropped A$1 from the same quarter last year, which reflected a higher mix of wireless broadband and increased inclusions on mobile plans.

OptusGo Places, a ‘hyper-local’ mobile application featuring vouchers, restaurant listings, reviews was among the new innovations cited as well as newly launched  IPTV service, in asociation with fetchTV, Optus MeTV.

On the network front, the roll-out of Long Term Evolution (LTE) on the Optus Network, is a major step forward for the telco, due April 2012, allowing it to go on an even footing with Telstra, the first telco to announced 4G service earlier this year.

U900 spectrum migration programs will also enhance Optus 3G mobile coverage across metropolitan areas, it added.

In the fixed line business, lower on-net broadband revenue per user from  was attributed to increased data inclusions, which caused consumer fixed on-net revenue to fall 5%. EBITDA decreased by 3 per cent on lower revenue.

In Business and Wholesale fixed, overall revenue grew 5 per cent, contributed by strong satellite and ICT and managed services revenue. EBITDA increased 4 per cent year-on-year.

Business fixed revenue grew 2 per cent, with ICT and managed services up 7 percent due to an increase in managed services revenue from prior corporate wins.

Optus also won some major corporate accounts over the quarter, including  Virgin Australia and NRMA.

On the Wholesale side, fixed revenue grew 11 per cent. Data and IP also jumped 5 percent with increased demand for internet bandwidth and access. Satellite revenue rose 24 per cent, driven mainly by revenue from the NBN Interim Satellite Service contract.

“Optus continues to deliver resilient financial performance against the backdrop of a highly competitive Australian telecommunications market with competitors reducing prices and profitability,” Optus chief executive Paul O’Sullivan said.

 

“We will continue to lead the market through differentiated digital services and superior customer experience.
“This is supported by our ongoing investments in the Optus Open Network.”

SingTel today announced group revenue has increased 4 per cent, while net profit declined 1 per cent to $882 million.

Operations in Singapore and Australia demonstrated strength with EBITDA growth of 5 per cent, amid keen competition in these markets, it said.

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