TeleGeography Logo

M1 says 1H10 revenues up 25% boosted by higher handset sales

16 Jul 2010

Singapore cellular operator MobileOne Asia (M1) has reported a 25.3% year-on-year increase in revenues for the six months ended 30 June 2010 to SGD472.1 million (USD343.5 million), driven by higher service revenue and handset sales. Half-year earnings before interest, taxes, depreciation, and amortisation (EBITDA) was SGD156.7 million, up 1% year-on-year, while net income for the six months under review came in at SGD80.1 million – up by 1.5%. M1 added that in the fiscal second quarter to 30 June 2010, net profit topped SGD40.8 million, 10% higher year-on-year. The cellco said that non-voice services contributed 30.8% of service revenues in the six-month period, up from 25.1% a year ago, driven by growth in its mobile broadband internet services and a rise in smartphone users. In terms of customers, M1 recorded 53,000 net new additions in the second quarter of this year (32,000 pre-paid and 21,000 post-paid) for a total 1.849 million mobile users by 30 June.

Singapore, M1

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.