Telekom Malaysia Berhad (TM) reported its Quarter Four 2015 (Q415) financial results on Wednesday. The Internet Service Provider (ISP) announced that it now has 2.34 million broadband customers as of the end of 2015.
TM added 46k new Unifi subscribers in the quarter, increasing its base to 839k. As for Streamyx subscribers, TM has 1.5 million (1,501 million) users, unchanged since 3Q15.
The broadband giant said that premises passed under High Speed Broadband Project Phase 2 (HSBB 2) now have a footprint of 1.89 million ports, with an overall take up rate of 44%.
TM said 56% of its broadband customers are now on packages of 4Mbps and above. Also, with the launch of the the UniFi Advance package last October, 46% of the UniFi customers are now on packages of 10Mbps and above. However TM did not disclose the number of current subscribers who upgraded to the new UniFi Advance package.
Unifi blended ARPU is at RM190, dropped from RM192 in Q315. Streamyx ARPU is now higher by RM2 at RM89 despite TM maintained its Streamyx subscriber base for the quarter.
TM has 3.402 million Fixed Line PSTN subscribers in 4Q15 compared to 3.426 million it had in 3Q15. In total, TM has 4.242 million Fixed Line subscribers including 839k subscribers on Unifi. Fixed Line ARPU remain unchanged at RM29 in Q4, same as the previous quarter.
As for P1, Tan Sri Zamzamzairani Mohd Isa, Group Chief Executive Officer of TM, said, “P1 is progressing well as the TM Group’s mobile arm and centre of excellence for mobility with the development of TM’s overall LTE network roll-out being managed and planned for future growth. We are building on our core network, rolling out nationwide starting with urban areas and adjacent to existing base stations. To date, we have also successfully completed user trials for broadband, voice and SMS services – to ensure effective delivery of mobile services towards the launch later this year. The user trials also include domestic roaming services and we have also secured outbound international roaming with a worldwide footprint,” Tan Sri Zam concluded.
TM Group revenue grew 4.3% YOY to RM11.72 billion as compared to RM11.24 billion recorded last year, on the back of higher revenue across all services.
Group Reported Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for FY 2015 was 1.6% higher against FY 2014 at RM3.69 billion.
Group Operating Profit (Earnings Before Interest and Tax (EBIT)) for FY 2015 was RM1.26 billion, lower by 2.9% against RM1.29 billion in FY 2014 due to the full-year consolidation of Packet One Networks (Malaysia) Sdn Bhd (P1). Excluding one-off items such as unrealised forex gain on international trade settlements, Group Normalised EBIT stood at RM1.24 billion, 10.6% lower at RM1.39 billion in 2014.
Group Reported Profit Before Tax (PBT) was RM911.8 million, against RM1.11 billion in the corresponding period last year.
Group Reported Net Profit or Profit After Tax And Minority Interest (PATAMI) was RM700.3 million as compared to RM831.8 million recorded last year primarily due to foreign exchange losses from borrowings of the Group from the weakening Malaysian Ringgit against the US Dollar. Group Normalised PATAMI stood at RM894.9 million.
Total capex spent for FY2015 was RM2.51 billion or 21.4% of revenue. Of the total spent, 48% is for Access, 31% is for core network, and 21% for support systems.
TM declared a 2nd interim dividend of 12.1 sen per share. Together with the 1st interim dividend of 9.3 sen per share amounting to RM349.5 million which was paid in September 2015, the total dividend payout is 21.4 sen per share, or RM804.2 million.