Telstra profit shrinks while Optus gains

Dylan Bushell-Embling
12 Aug 2010
00:00
News
Daily News
 
The company is forecasting a high single digit percentage decline in ebitda and “flattish” revenue for the current financial year.
 
Optus, the Australian unit of SingTel, by comparison lifted its net profit 22% to A$170 million.
 
SingTel said its wholly-owned subsidiary lifted its ebitda 10%, and revenue 3%, thanks to strong mobile gains. Margins had also improved.
 
Optus CEO Paul O'Sullivan said the company saw its “strongest quarterly ebitda growth in five years.”
 
Mobile service revenue grew 11%, while its wireless subscriber base grew by 190,000 to 8.69 million. Blended ARPU grew 3% to A$47.
 
The company also lifted consumer fixed-line revenue 5%, and on-net broadband customers by 7%. Its business division saw similar healthy growth.

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