DiGi achieves healthy 2Q revenue growth after drop in first quarter

Revenues at Malaysia’s smallest cellco, DiGi, jumped 28.6% in the second quarter as it added 304,000 customers, helping to push net profits up 71% after a drop of 21% in the first quarter. It expects total revenue growth ‘in the upper teens’ for 2005, casting doubt on experts’ views that the Malaysian market is becoming saturated. DiGi, 61% owned by Norway’s Telenor, had 3.765 million subscribers at end-June and expects its customer base to surpass four million by the end of this year. The jump in customers was partly attributed to DiGi’s prepaid starter kits, the cheapest in the market. The company has a 95% pre-paid subscriber base.