SingTel adds 2,000 IPTV subs in Q2

August 13, 2008 - Singaporean telco SingTel added just under 2,000 subscribers to its "mio TV" IPTV service in the second quarter of this year, reaching a total of over 45,000.

The telco adds that these additions were offset partly by the termination of inactive subscribers following the expiry of the waiver periods introduced during the initial launch period. SingTel added 13,000 broadband customers between April and June of this year, and retained its lead of the Singapore market with a 54.1% share. Revenue from data and Internet services rose 11% year-on-year in the second quarter of 2008 to reach S$370mn (US$263.7), boosted by strong demand for managed services and fixed broadband service.

Total operating revenue across all operations increased 5.9% year-one-year in the second quarter of 2008 to reach S$3.78bn, while net profit fell 5.3% by the same comparison to reach S$878mn.