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DiGi has 10.2 million subscribers as of Q2 2012

DiGi reported that it has over 10.2 million subscribers as of second quarter of 2012.

The mobile operator recorded revenues of RM1.580 billion during the period, mainly driven by growth in data revenues which now makes up more than 30% of its total service revenue, it said.

During the quarter, DiGi added some 293k new customers consisting of 277k prepaid customers and 16k postpaid customers. Prepaid ARPU currently stands at RM41 while Postpaid ARPU is at RM85.

As part as its network upgrade plan, the mobile operator has so far swapped some 1,600 sites as of Q2 and plans to complete the network modernization in the Klang Valley by end August.

Henrik Clausen, Chief Executive Officer of DiGi explained that the company continues to drive deeper focus on its business transformation programme to pave the way for the future growth of its data business. “We commenced our nation-wide network modernisation exercise at the end of 2011, and are making solid progress in building our Tomorrow Network that will better enable us to deliver high-speed internet and next-generation services to more Malaysians through better quality and larger coverage. To-date, we have swapped close to 2,000 sites, representing approximately 36% of our total network footprint, and have put in place plans to accelerate the swap rate in the second half of the year.”

“With 5.4 million mobile internet customers today, data is a significant growth area for DiGi and we are putting the necessary building blocks in place to ensure we continue to be a leading data provider. Apart from modernizing our network, we have also refreshed our retail presence with the introduction of the new DiGi Store Express concept and an online store. We believe these efforts will significantly enhance the customer experience across touch points, and enable better access to mobile internet for more customers,” Clausen added.

DiGi announced that it will pay a second interim tax exempt dividend of 5.9 sen per ordinary share, equivalent to a pay-out ratio of 141%, for the financial year ended 31 December 2012 on 7th September 2012.

About Kugan

Kugan is the founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy