Optus boasts big rise in mobile customers

Biggest quarterly rise in five years

Optus is boasting its strongest growth in new mobile customers for five years with an increase of 254,000 during the three months to 31 March.

The result takes the SingTel subsidiary's total to 8.5 million for an increase of 9.1 per cent year-on-year.

3G customers grew by 7.8 per cent over the previous quarter to hit 3.61 million, the company said in a statement to the ASX.

It also said post-paid customers now account for 49 per cent of its business, rising 17 per cent or 596,000 over the year.

In February, Singtel (ASX:SGT) said Optus recorded strong growth for the quarter ending December 31, 2009.

The telco recorded revenue growth of 4.8 per cent over the previous quarter to $2.3 billion and operational EBITDA growth up 3.6 per cent over the previous quarter to $529 million. Net profit was up 16 per cent over the same period to $165 million

During the quarter Optus also recorded record post paid customer growth of 164,000 users, resulting in the post paid customer base exceeding four million.

Optus’ revenue from mobile customers grew 10 per cent quarter on quarter to $1.46 million, however business and wholesale fixed voice revenues declined three per cent to $500 million and and consumer and SMB fixed revenues declined three per cent to $346 million.

Optus' financial results for the three months to 31 March are due shortly.

Join the newsletter!

Error: Please check your email address.

Tags smartphonesmobile phonesoptus3g

More about OptusSingtel

Show Comments