Australian incumbent carrier Telstra posted a 5.4% gain in its full-year profit to A$3.42 billion ($3.6 billion).
Telstra added 1.6 million new mobile customers for the financial year ended June 30, bring its total mobile subscriber base to 13.8 million.
Gains from the mobile segment, which now accounts for more than a third of Telstra’s total revenue base, pushed the company’s revenues for the year up 1.1% to A$25.368 billion.
While fixed line revenue declined at a steady 6.1%, growth in retail broadband partly offset declines in wholesale revenues, which included the impact of regulatory access determinations.
“We have seen two years of significant customer growth as our strategy continues to bear fruit.” Telstra chief executive David Thodey said. “This has translated into strong financial results despite tough domestic and international economic conditions.”
Thodey said the operator is on track to continue growing revenues and profits next year but expects low single digit total income and EBITDA growth.
Telstra said it invested A$3.6 billion in its network, including the expansion of its LTE network over the year. Telstra’s LTE network now covers approximately 40% of Australia’s population with more than 1,000 base stations, serving more than 375,000 4G customers since launch.