TeleGeography Logo

StarHub Q4 profit climbs 10% on iPhone demand

26 Feb 2015

Singapore fixed and mobile operator StarHub says its fourth-quarter net income for October-December 2014 increased by 10% year-on-year to SGD94.2 million (USD69.5 million), on revenue that rose 5.1% to SGD647.4 million, fuelled by strong demand for iPhones which helped drive equipment sales. For the full year, however, the operator said net profit fell 2.4% y-o-y to SGD370.5 million – although total revenue edged up 0.7% to SGD2.38 billion.

StarHub’s mobile division reported Q4 revenue of SGD320.5 million, up 3% on an annualised basis, although the total mobile user base fell 8.7% to 2.147 million. Meanwhile, pay-TV sales of SGD100.1 million were ‘stable’, while full-year turnover increased 1% to SGD389.7 million thanks to higher subscription revenue and a larger customer base of 542,000 households. On a less positive note, StarHub reported a 16% y-o-y fall in its broadband business to SGD47.7 million in the fourth quarter, and a 17% drop for the full year to SGD201.9 million, impacted by local price competition which undermined subscription revenue from new and existing customers re-subscribing to its services. The operator had a total of 469,000 high speed internet users at the year end, up from 448,000 a year earlier. Looking ahead, StarHub predicts that group service revenue will continue to grow in the low single-digit range in 2015, driven mainly by its enterprise fixed network and mobile services.

Singapore, StarHub

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.