Optus revenue up 10% to $1.96b for Q4

Optus brought in $1.96 billion in revenue in the first three months to March 31 for its Singapore parent company Singtel, 10.4 per cent more than the same period last year.

The company’s earnings before interest and taxes was $369 million, up 17.4 per cent, Singtel said on Wednesday.

Optus’ mobile earnings was lifted by higher NBN migration revenues after the temporary suspension of the rollout of NBN’s hybrid fibre coaxial (HFC) network was lifted.

Optus said it added another 121,000 postpaid handset customers, but prepaid customers declined by 109,000 after a major wholesale customer deactivated 125,000 inactive accounts.

The company reported it has 3.4 million prepaid mobile handset customers, 5.7 million postpaid subscribers, and 1.2 million customers on data-only SIMs.

Overall, Singtel received $4.3 billion revenue for the quarter and made $1 billion in earnings before interest and taxes.

AAP

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