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SingTel passes 400k TV subs

Singaporean telco SingTel added 7,000 subscribers for its IPTV service ‘mio TV’ in the fourth quarter of 2012 to reach 398,000, and has since gone on to break through the 400k barrier, according to its latest results filing.

Revenues from its TV service reached SGD 33mn (US$ 27mn) for the three months to December, up 18% from one year earlier, and the company continues to find success bundling fixed-line services and migrating customers onto its fibre network.

In the fibre market, SingTel maintained its lead by adding 32,000 customers, bringing the total number of fibre broadband customers to 167,000 at the end of December, representing a market share of approximately 60%.

Net profits across all operations and markets fell 8% to SGD 827mn, due to exceptional charges of SGD 67mn related to its Australian unit Optus and weaker foreign currencies.

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