DiGi sees 2Q revenues climb, subscriber growth slow

Malaysian mobile operator DiGi Telecommunications (DiGi) has announced results for the three months ending 30 June 2008, showing revenues up 13% year-on-year to MYR1.19 billion (USD366 million). Earnings before interest, tax, depreciation and amortisation (EBITDA) reached MYR557 million. Whilst subscriber figures grew by six million over the twelve months to June 2008, results over the three months between March and June of this year were less impressive, with the cellco signing up only 84,000 new customers. DiGi attributed the slow level of customer growth in the period to a general market slowdown. The operator still remains in third place in the mobile market, and faces competition from Celcom, Maxis Mobile and new entrant UMobile.