SingTel adds 7.42 million mobile users, breaks 92 million barrier

2 Aug 2006

Singapore Telecommunications, Southeast Asia’s largest telephone company, said it added a record 7.42 million mobile subscribers in its fiscal first quarter to 30 June 2006, driven by strong growth in India and Indonesia. The company reported 92.4 million subscribers in its seven countries of operation by the start of July, up 30% from 71.1 million a year earlier. It had 85 million users at the end of March 2006.

In its home market, SingTel ended June with 1.62 million users, a loss of 41,000 customers in the quarter. It said it lost 46,000 pre-paid customers who failed to meet a 1 May government deadline to register electronically, but gained 4,000 contract users. The lion’s share of the growth came at SingTel’s affiliates, Bharti in India and Indonesia’s Telkomsel, however. Its associates had a combined 84.2 million subscribers at the end of June, having signed up 7.38 million new customers in the quarter. SingTel Optus in Australia added 69,000 users to lift its total base to 6.56 million. SingTel also has stakes in Thai mobile operator Advanced Info Service, Globe Telecom in the Philippines and Pacific Bangladesh Telecom Limited.

SingTel is scheduled to report first-quarter earnings tomorrow.