DTAC posts 13.2% revenue hike, says MNP will launch by end-December

25 Oct 2010

Thailand’s second largest cellco by users DTAC has reported that its subscriber base reached 20.9 million at the end of September 2010, an increase of 296,000 in three months, with 6,000 post-paid net additions in Q3 (for a total of 2.312 million) and its pre-paid base growing by a net 290,000 (taking it to a total of 18.623 million). The GSM operator announced that its third-quarter net profit surged 87.7% to THB3.06 billion (USD102.2 million) on higher revenues from telephony services – up to THB17.56 billion from THB16 billion a year earlier – and smartphone handset sales which swelled to THB640.3 million from THB115.4 million in 3Q09. Total turnover increased to THB18.35 billion in the three months to the end of September, up 13.2% from THB16.21 billion twelve months previously, whilst the Telenor subsidiary booked a one-time retroactive gain for network connection with state-owned CAT Telecom of THB653 million before tax, and a pre-tax gain of THB320 million from property sales. Quarterly EBITDA rose 38.1% y-o-y to THB7.0 billion, or THB6.2 billion, up 22.1%, if excluding the aforementioned one-offs.

DTAC added that implementation of a Mobile Number Portability (MNP) system is in the final stage and the service is expected to be launched by year-end 2010. All of Thailand’s mobile operators have been subject to daily fines from the National Telecommunications Commission (NTC) since failing to meet the Thai regulator’s end-August deadline for launching MNP.

Thailand, Digital Total Access Communication (DTAC)