Thai holding group Thaicom has reported that its combined revenues from its telecoms operations in Cambodia and Laos contracted by 7.5% year-on-year in Q1 2012 to THB297 million (USD9.4 million) as it continued to shed subscribers. At the end of March 2012, Lao Telecommunications Co (LTC) had a total telephony subscriber base (largely cellular) of 1.322 million, down from 1.651 million twelve months earlier, while Cambodia’s Mfone slumped to a total of 414,000 customers, down from 701,000 a year earlier. The group said that intense price competition in Cambodia led to the decrease in subscribers as well as a fall in telephony revenue per minute of usage. However, at LTC, average pre-paid mobile revenue per subscriber as well as the number of telephony subscribers increased quarter-on-quarter, resulting in higher revenue than 4Q11. Thaicom added that internet revenue generated by LTC rose in the quarter following an increase in the number of data subscribers, while internet turnover at Mfone fell.