CSL reports revenue growth, while income falls

12 Aug 2005

Hong Kong CSL, the wireless operator owned by Telstra, has reported a 7.1% increase in revenues in the first half of the year to HKD4.31 billion. However EBITDA fell 21% in the six months ended 30 June 2005 to HKD375 million thanks to a 13% increase in operating expenses mainly due to higher handset subsidies. CSL raised its capital expenditure by 44% in the first half to HKD755 million, as it continued with its 3G rollout. 3G services were launched in December and by mid-2005 had signed up an estimated 10,000 customers.

Hong Kong