Optus revenue grows 7.4 per cent in September quarter

Telco adds 223,000 new mobile and wireless broadband customers

Singetel’s (ASX: SGT) Optus subsidiary has recorded revenue growth of 7.4 per cent to $2.22 million and EBITDA growth of 6.4 per cent to $509 million for the quarter to 30 September, 2009.

The results were driven by 12 per cent growth in mobile revenue to $1.38 million, in turn driven by the addition of 223,000 new mobile and wireless broadband customers, increasing average revenue per user (ARPU) and equipment revenue growth.

Business and wholesale fixed services grew 2 per cent to $492 million based on strong growth in ICT managed services, however Optus experienced a decline in corporate voice revenues due to softness in the business segment.

Consumer and small-to-medium business fixed services declined 2 per cent to $347 million.

In an ASX statement, Optus chief executive officer, Paul O’Sullivan, said the telco had strengthened its challenger position in the market following four quarters of double-digit mobile service growth.

“In addition, it continued to build profitable scale across its fixed networks with the fixed on-net telephony customer base now exceeding one million,” he said.

O’Sullivan said the company had added further scale in the quarter with opening of the 200th Optus ‘yes’ store and with the announcement by Woolworths that it would use the Optus mobile network to offer a prepaid mobile service across Australia.

Optus's satellite fleet capacity also increased by 30 per cent with the successful launch of our D3 satellite in August, according to O’Sullivan.

The company had also secured a 60 million up-to seven year managed services contract with Brisbane City Council during the quarter, which will see the telco use the Evolve IP network to connect about 200 sites across Queensland. Optus will also implement a new IP telephony system for the Council’s 8,000 employees as part of the contract.

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