HOT Mobile sees 3G subscriber base pass 500,000 as it reports 2Q13 results

14 Aug 2013

HOT Mobile, the mobile subsidiary of Israeli cableco HOT Telecommunication Systems has now signed up more than half a million 3G subscribers, just over a year after its launched services. In releasing its financial results for the quarter ended 30 June 2013, the cable operator’s parent company Altice Group revealed that at that date HOT Mobile’s 3G customer base stood at 514,000, up from 142,000 a year earlier and 482,000 at the end of the previous quarter. Meanwhile, the number of customers signed up to the company’s iDEN services numbered 247,000 at end-June 2013, down by 41% year-on-year from 421,000. Total mobile revenue for the quarter under review stood at ILS221 million (USD60.8 million), up from ILS191 million a year earlier, but down from ILS228 million in 1Q13. Turnover generated by UMTS services totalled ILS137 million in 2Q13, up from ILS133 million in the previous quarter, but this increase failed to offset the decline in iDEN revenue, which fell from ILS95 million in 1Q13 to ILS84 million the following quarter. It was also confirmed that HOT Mobile’s 3G network now covers 49% of the country.

Cable revenues, meanwhile, declined marginally, falling by just over half a percentage point y-o-y to ILS836 million. Despite a drop in the number of overall revenue generating units, the company saw increases in both the fixed voice and broadband subscriber bases, which rose to 688,000 (up 12.8% y-o-y) and 774,000 (up 2.9%), respectively. HOT’s broadband customers have also been upgrading their connections, with 16% having signed up to tariffs offering 100Mbps downlink speeds, up from just 5% a year earlier. Customers on the 30Mbps downstream option have also increased, rising from 9% at end-June 2012 to 23% a year later. By comparison, those taking speed of less than 12Mbps now account for 22% of broadband accesses, down from 43% at end-June 2012.

Israel, HOT Mobile, HOT Telecommunication Systems