SingTel adds 13,000 new IPTV subscribers in Q3

February 7, 2008 – Singapore Telecommunications (SingTel) has announced that it added 13,000 new subscribers for its “mio TV” service in the third quarter of its fiscal year ending December 31 of last year.

The telco now has 55,000 subscribers for its IPTV service, although so far only 27,000 have been installed.  SingTel said in a results statement: “Although not expected to make a significant contribution to SingTel’s revenue in the short term, mio has helped to strengthen SingTel’s position as a fully integrated provider of infocomm and entertainment services.”

Operating revenue for the three months ending December 31 of last year to reach S$3.83bn (US$2.7bn), up 11% year on year.  Profit for the period grew 30% by the same comparison to reach S$656mn.