Digitel’s net loss widens in 2004

21 Apr 2005

Filipino operator Digital Telecommunications Philippines (Digitel) has reported a net loss of PHP1.81 billion for 2004, compared to PHP1.29 billion the previous year. The operator attributed the wider loss to an increase in expenses – particularly in the mobile sector – which revenues failed to offset. Its operating revenue rose by 13.3% to PHP7.33 billion in 2004. Digitel’s mobile operation Sun Cellular reported a customer base of 1.7 million at the end of February 2005.

Philippines, Sun Cellular (Philippines)